Vornado Realty Trust Announces Quarterly Dividend for Series L Preferred Shares.

Vornado Realty Trust Cum Red Pfd Shs Series L (VNO.PR.L) has declared a quarterly dividend of $0.3375 per share. The dividend will be payable on July 1 for shareholders of record on June 16, with an ex-dividend date of June 16.

Vornado Realty Trust (NYSE: VNO) has announced the declaration of quarterly preferred dividends for its Series L shares, with a dividend amount of $0.3375 per share. The dividend will be payable on July 1, 2025, to shareholders of record as of June 16, 2025, with an ex-dividend date of June 16, 2025 [1].

The declaration of the preferred dividend underscores Vornado's commitment to returning value to its shareholders. The company, a fully-integrated equity real estate investment trust (REIT), has demonstrated financial stability and positive cash flow by scheduling dividends for multiple series, including Series L [1].

The preferred dividends cover multiple series, suggesting a broad base of investor support and confidence in varied financial instruments offered by the company. However, the forward-looking statements in the press release highlight potential risks and uncertainties, particularly interest rate fluctuations and inflation, which could negatively impact the company's future performance [1].

Vornado's insider trading activity shows that insiders have sold shares, which could indicate a lack of confidence in the company's future prospects. Additionally, hedge funds have added and removed shares from their portfolios, reflecting varying levels of institutional investor confidence [1].

Analysts have issued price targets for VNO, with a median target of $42.5, suggesting mixed sentiment among market participants [1].

For more information about Vornado Realty Trust, contact Thomas J. Sanelli at (212) 894-7000 [1].

References:
[1] https://www.nasdaq.com/articles/vornado-realty-trust-declares-quarterly-preferred-dividends-multiple-series