Vornado Declares Quarterly $.53 Dividend On Common Shares

Rhea-AI Summary

Vornado Realty Trust (NYSE:VNO) has declared a regular quarterly dividend of $.53 per share, payable on November 18, 2022, to common shareholders of record on November 7, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Vornado Realty Trust operates as a fully-integrated equity real estate investment trust, focusing on real estate investments and management.

Positive

• Regular quarterly dividend of $.53 per share declared.
• Dividend payment date set for November 18, 2022.

Negative

• Ongoing adverse effects of the COVID-19 pandemic on business and tenants noted.
• Risks associated with the company's performance and market competition highlighted.

NEW YORK, Oct. 27, 2022 (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 18, 2022 to common shareholders of record on November 7, 2022.

Vornado Realty Trust is a fully-integrated equity real estate investment trust.

CONTACT

Thomas J. Sanelli
(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, 2021. Such factors include, among others, risks associated with the performance of the Company’s properties and general competitive factors. Currently, one of the most significant factors is the ongoing adverse effect of the COVID-19 pandemic on our business, financial condition, results of operations, cash flows, operating performance and the effect it has had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general. The extent of the impact of the COVID-19 pandemic will continue to depend on future developments, including the duration of the pandemic, current and future variants, the efficacy and durability of vaccines against the variants and the potential for increased government restrictions, which continue to be uncertain at this time but that impact could be material. Moreover, you are cautioned that the COVID-19 pandemic will heighten many of the risks identified in "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021.

FAQ

What is the dividend amount declared by Vornado Realty Trust in October 2022?

Vornado Realty Trust declared a quarterly dividend of $.53 per share.

When is the dividend payment date for VNO shareholders?

The dividend will be paid on November 18, 2022.

Who are the common shareholders of record for Vornado Realty Trust?

Common shareholders of record are those holding shares as of November 7, 2022.

How does the COVID-19 pandemic affect Vornado Realty Trust?

The pandemic continues to adversely affect the company’s business, financial conditions, and tenants.

What risks are associated with Vornado Realty Trust's performance?

Risks include general competition and the ongoing impacts of the COVID-19 pandemic.