Vornado Declares Quarterly Dividends On Preferred Shares
Vornado Realty Trust (NYSE:VNO) has announced quarterly preferred dividend declarations by its Board of Trustees.
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Rhea-AI Summary
Vornado Realty Trust (NYSE:VNO) has announced quarterly preferred dividend declarations by its Board of Trustees. The dividends are as follows:
- Series A Convertible: $0.8125 per share
- Series L Cumulative Redeemable: $0.3375 per share
- Series M Cumulative Redeemable: $0.3281250 per share
- Series N Cumulative Redeemable: $0.3281250 per share
- Series O Cumulative Redeemable: $0.2781250 per share
These dividends are payable on October 1, 2024, to shareholders of record on September 16, 2024. Vornado Realty Trust is described as a fully-integrated equity real estate investment trust.
Positive
- Consistent dividend payments across multiple preferred share series
- Maintenance of dividend schedule indicates financial stability
Negative
- None.
Details
News Market Reaction – VNO
The recorded move for VNO in the trading session of this news was -2.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Aug. 01, 2024 (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 L Cumulative Redeemable | $ | .3375000 | per share |
| Series M Cumulative Redeemable | $ | .3281250 | per share |
| Series N Cumulative Redeemable | $ | .3281250 | per share |
| Series O Cumulative Redeemable | $ | .2781250 | per share |
In each case, dividends are payable on October 1, 2024 to shareholders of record on September 16, 2024.
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. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. 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, 2023. Currently, some of the factors are the increased interest rates and inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have 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.
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