Vornado Declares Quarterly Dividends On Preferred Shares
Vornado Realty Trust (NYSE:VNO) has declared quarterly preferred dividends for various series, including Series A Convertible at $0.8125, Series K at $0.35625, Series L at $0.3375, Series M at $0.328125, and Series N at $0.328125 per share. These dividends are payable on October 1, 2021, to shareholders on record as of September 15, 2021. The company emphasizes its fully-integrated equity REIT status and remains aware of the ongoing impact of the COVID-19 pandemic on its operations and the broader market.
- Quarterly preferred dividends announced, providing income for shareholders.
- Confidence in maintaining dividend payments amid market challenges.
- Ongoing adverse effects of the COVID-19 pandemic on business operations.
- Financial uncertainty due to market conditions and tenant impacts.
NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
| Series A Convertible | $ | .8125000 | per share |
| Series K Cumulative Redeemable | $ | .3562500 | per share |
| Series L Cumulative Redeemable | $ | .3375000 | per share |
| Series M Cumulative Redeemable | $ | .3281250 | per share |
| Series N Cumulative Redeemable | $ | .3281250 | per share |
In each case, dividends are payable on October 1, 2021 to shareholders of record on September 15, 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.
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