VNO dividend yield – Vornado Realty Trust Increases Dividend by 7.9%, Now at $0.30 Per Share
December 7, 2023
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Vornado Realty Trust ($NYSE:VNO) is a real estate investment trust that invests in buildings and spaces, primarily in the New York City metropolitan region. The company is known for its high-end portfolio and strong balance sheet. Recently, the company announced that it has increased its dividend by 7.9%, bringing it up to $0.30 per share. This marks the second increase in the dividend in the past three quarters, further demonstrating Vornado’s commitment to shareholder returns.
The increase in dividend comes as a result of Vornado’s strong financial performance in the first quarter of 2021. Moreover, Vornado is well-positioned to benefit from the recovery of the real estate market in New York City, further cementing its status as a top REIT in the region.
Dividends – VNO dividend yield
VORNADO REALTY TRUST has recently declared a 7.9% increase in its dividend per share, bringing the current rate to $0.30 per share. According to analysts, dividend yields from 2021 to 2023 are expected to be 3.91%, 6.19%, and 4.95% respectively. This averages out to a dividend yield of 5.02%.
If you are keen on investing in dividend stocks, VORNADO REALTY TRUST could be an option for you. With its current dividend rate and its projected yields for the coming years, it is a dependable choice for investors looking for steady returns from their investments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VNO. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | -388.88 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VNO. More…
| Operations | Investing | Financing |
| 675.99 | 8.67 | -399.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VNO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.45k | 9.91k | 24.32 |
Key Ratios Snapshot
Some of the financial key ratios for VNO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 17.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted a thorough analysis of VORNADO REALTY TRUST’s fundamentals and we have classified it as a ‘cow’ according to our Star Chart. This indicates that the company has a track record of providing consistent and sustainable dividends. This implies that investors who prioritize dividend yields would find VORNADO REALTY TRUST attractive. However, our health score assessment of 2/10 for VORNADO REALTY TRUST suggests that the company may not be able to withstand economic crisis without the risk of bankruptcy. In terms of performance, we have classified VORNADO REALTY TRUST as having strong assets, medium dividend, profitability and weak growth. This data should be carefully considered by investors before making their investment decision. More…
Peers
Vornado owns and operates office, retail, and hotel properties in the United States. The company was founded in 1959 and became a public company in 1971. As of December 31, 2019, Vornado owned and operated 97 million square feet of real estate. The company’s portfolio is focused on high-density urban markets in New York City, Washington, DC, and San Francisco. Vornado’s primary competitors are KBS Real Estate Investment Trust III Inc, Boston Properties Inc, and Broadstone Net Lease Inc. These companies are all based in the United States and are focused on office, retail, and hotel properties.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc is a real estate investment trust that owns and operates a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and hotel properties. KBS Real Estate Investment Trust III Inc is headquartered in Newport Beach, California.
– Boston Properties Inc ($NYSE:BXP)
Boston Properties Inc is a real estate investment trust that owns, manages, and develops properties in the United States. As of December 31, 2020, it owned or had an interest in 171 properties, totaling approximately 51.4 million square feet. The company was founded in 1970 and is headquartered in Boston, Massachusetts.
– Broadstone Net Lease Inc ($NYSE:BNL)
The company’s market cap is 2.79B as of 2022. The company focuses on providing net lease financing solutions to tenants and landlords in the United States.
Summary
Vornado Realty Trust recently announced that it has increased its quarterly dividend payment by 7.9% to $0.30 per share. This marks the fifth consecutive year that the company has increased its dividend payment, indicating a strong commitment to providing returns to its shareholders. Analysts expect the company’s operating performance to remain strong in the near future due to its high occupancy rate and growing revenues.
The company is also pursuing strategic acquisitions to expand its portfolio across sectors and improve returns. With a solid balance sheet and a history of paying dividends, Vornado Realty Trust could be a good choice for long-term investors looking for steady income.
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