Vornado Declares Quarterly Dividends On Preferred Shares
Rhea-AI Summary
Vornado Realty Trust (NYSE:VNO) has announced its quarterly preferred dividend distributions. The Board of Trustees declared dividends for multiple series of preferred shares, payable on July 1, 2025, to shareholders of record as of June 16, 2025.
The dividend breakdown includes:
- Series A Convertible: $0.8125000 per share
- Series L Cumulative Redeemable: $0.3375000 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
As a fully-integrated equity real estate investment trust, Vornado acknowledges potential impacts from interest rate changes and inflation on their business operations, financial condition, and tenant relationships.
Positive
- Consistent dividend payments maintained across all preferred share series
- Multiple preferred share classes provide diverse investment options
Negative
- Forward-looking statements highlight risks from interest rate fluctuations
- Company acknowledges potential negative impacts from inflation on business operations
- Warns of possible adverse effects on tenants and real estate market conditions
News Market Reaction – VNO
On the day this news was published, VNO gained 2.04%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, April 30, 2025 (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 July 1, 2025 to shareholders of record on June 16, 2025.
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, 2024. Currently, some of the factors are the interest rate fluctuations and effects of 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.
FAQ
When will Vornado (VNO) pay its preferred stock dividends in 2025?
What is the dividend amount for VNO Series A Convertible preferred shares?
How much are VNO Series L, M, N, and O preferred dividends in 2025?
What risks does Vornado (VNO) face with its preferred dividends?
Which VNO preferred share series offers the highest dividend payment?
