Vornado Realty Trust raises dividend to $0.74 per share, despite reporting a quarterly loss and revenue drop.

Vornado Realty Trust has declared a quarterly dividend of $0.74 per share, up from $0.30, to be paid on December 27 to shareholders on record as of December 16. This dividend represents an annualized yield of 6.82%. Despite the increase, the company has reduced its dividend by an average of 34.3% per year over the past three years. Vornado reported a quarterly loss and a slight drop in revenue, with analysts projecting a mixed outlook for the upcoming year.

4 months ago
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