Vornado Declares Quarterly $.53 Dividend On Common Shares
Vornado Realty Trust (NYSE:VNO) announced a quarterly dividend of $0.53 per share, payable on May 21, 2021, to shareholders of record as of May 10, 2021. This decision reflects the company's continued commitment to returning value to its investors.
However, the press release also highlights the ongoing impact of the COVID-19 pandemic on its business operations and tenant performance, which may affect future financial outcomes and presents several risks related to property improvements and financing commitments.
- Quarterly dividend of $0.53 indicates company confidence in financial health.
- Ongoing adverse effects of the COVID-19 pandemic may impact business and financial condition.
- Risks associated with property improvements and financing commitments due to market uncertainty.
NEW YORK, April 28, 2021 (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 May 21, 2021 to common shareholders of record on May 10, 2021.
Vornado Realty Trust is a fully-integrated equity real estate investment trust.
CONTACT
Thomas 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, 2020. Such factors include, among 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 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 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 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, 2020.
FAQ
What is the dividend amount declared by Vornado Realty Trust?
When will the dividend be paid to shareholders?
Who is eligible to receive the dividend from Vornado Realty Trust?
How has COVID-19 impacted Vornado Realty Trust's business?
