Vornado Realty Trust (VNO) Lowers Quarterly Dividend 29.2% to $0.375; 6.5% Yield
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Vornado Declares Quarterly Common Dividend of $.375 Per Share
January 18, 2023 4:59 PM ESTNEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that its Board of Trustees has declared a reduced quarterly dividend of $.375 per share. The decrease is in recognition of the current state of the economy and capital markets and is reflective of Vornados reduced projected 2023 taxable income, primarily due to higher interest expense. Â
The dividend will be payable on February 10, 2023 to common shareholders of record on January 30, 2023.
Vornado Realty Trust is a fully-integrated equity real estate investment trust.
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