Vornado Realty Trust
S&P 500VNO/Real Estate · REIT - Office/NYSE
Dividend Yield
3.94%
$1.48 · Annual Dividend
Dividend Safety Rating
VNO's dividend appears safe and well-supported. Strengths include a 20.3% earnings payout ratio & 16.2% fcf payout ratio. Areas of concern: Volatile profit margin stability & -20.8% 5-year dividend cagr. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 15 of 15 metrics
Strengths
- Earnings Payout Ratio: 20.3%Low earnings payout ratio leaves room to grow the dividend.
- FCF Payout Ratio: 16.2%Free cash flow comfortably covers the dividend.
- CFO Payout Ratio: 15.8%Operating cash flow strongly supports the payout.
Risks
- 5-Year Dividend CAGR: -20.8%Dividend growth has been weak or negative.
- Profit Margin Stability: VolatileProfit margins have been volatile.
- Earnings Stability: VolatileEarnings have been volatile, pressuring the dividend.
Payout & Coverage
Very SafeBalance Sheet
SafeProfitability
SafeDividend Track Record
CautionAbout Vornado Realty Trust
Vornado Realty Trust is a fully integrated real estate investment trust focused primarily on high-quality commercial properties in major U.S. urban markets. The trust concentrates its portfolio in premier office buildings and high street retail locations in New York City, complemented by notable assets in Chicago and San Francisco. Its New York segment includes a substantial footprint of Class A Manhattan office space, extensive street-level retail for flagship brands, residential units, and parking garages, providing diversified exposure within the city’s core real estate corridors. Beyond New York, Vornado owns landmark properties such as THE MART in Chicago and a major office complex in San Francisco’s financial district, reinforcing its role in key gateway markets. Operating through dedicated segments and an internal management platform, Vornado Realty Trust serves a broad tenant base across office, retail, marketplace, residential, and signage assets, and is recognized for its emphasis on large-scale, centrally located properties in dense, supply-constrained urban environments.
Dividend Overview
Dividend Yield
3.94%
Annual Dividend
$1.48
Frequency
Semi-Annual
Payout Ratio
20.27%
FCF Payout Ratio
16.22%
52-Week Range
$24.57 - $43.37
Dividend History (2016–2025)
VNO annual dividend per share and yield history
Earnings & Profitability
VNO earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
December 18, 2025
Last Payment Date
December 29, 2025
Dividend Growth
3-Year Dividend CAGR
-29.59%
5-Year Dividend CAGR
-20.84%
10-Year Dividend CAGR
-9.63%
3-Year Total Growth
-65.09%
5-Year Total Growth
-68.91%
10-Year Total Growth
-63.68%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.