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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.
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Vornado Realty Trust eleva el dividendo a $0.74 por acción, a pesar de reportar una pérdida trimestral y caída de ingresos.