Vornado Realty Trust (VNO) Lowers Quarterly Dividend 19.7% to $0.53; 6% Yield

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Go back to Vornado Realty Trust (VNO) Lowers Quarterly Dividend 19.7% to $0.53; 6% Yield

Vornado Declares Quarterly Common Dividend of $.53 per Share, a New Indicated Annual Rate of $2.12

July 30, 2020 12:34 PM EDT

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that in recognition of the uncertain and rapidly changing environment caused by the COVID-19 pandemic, its Board of Trustees has declared a decreased quarterly dividend of $.53 per share, an annual dividend rate of $2.12. The decrease is consistent with Vornados policy of paying out 100% of taxable income.

The dividend will be payable on August 21, 2020 to shareholders of record on August 10, 2020.

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

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