Vornado Declares Quarterly $.53 Dividend on Common Shares
Vornado Realty Trust (NYSE:VNO) has declared a quarterly dividend of $0.53 per share, scheduled for payment on November 20, 2020, to shareholders on record as of November 9, 2020. The company, a fully-integrated equity real estate investment trust, faces risks primarily due to the ongoing COVID-19 pandemic, which affects financial performance and tenant operations. Forward-looking statements indicate potential impacts on cash flows and overall business conditions, subject to uncertainties surrounding the pandemic's duration and effects.
- Quarterly dividend of $0.53 per share reinforces shareholder returns.
- Ongoing COVID-19 pandemic poses significant risks to business operations and financial condition.
- Potential impacts on cash flows and tenant stability due to economic uncertainties.
NEW YORK, Oct. 29, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $.53 per share payable on November 20, 2020 to common shareholders of record on November 9, 2020.
Vornado Realty Trust is a fully-integrated equity real estate investment trust.
CONTACT:
JOSEPH MACNOW
(212) 894-7000
Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2019. And “Item 1A. Risk Factors” in Part II of our Quarterly Report on Form 10Q for the quarterly period ended June 30, 2020. Such factors include, amount others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors. Currently, one of the most significant factors is the ongoing adverse effect of the COVID19 pandemic on our business, financial condition, results of operations, cash flows, operating performance and the effect it will have on our tenants, the global, national, regional and local economics and financial markets and the real estate market in general. The extent of the impact of the COVID19 pandemic will depend on future developments, including the duration of the pandemic, which are highly uncertain at this time but that impact could be material. Moreover, you are cautioned that the COVID19 pandemic will heighten many of the risks identified in “Item 1A. Risk Factors” in Part I of our Annual Report on Form 10K for the year ended December 31, 2019, as well as the risks set forth in “Item 1A. Risk Factors in Part II of our Quarterly Report on Form 10Q for the quarterly period ended June 30, 2020.
FAQ
What is the dividend amount declared by Vornado Realty Trust?
When will the dividend for VNO be paid?
Who is eligible for the Vornado Realty Trust dividend?
What are the risks mentioned by Vornado Realty Trust in their press release?
