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Article: Vornado Declares Quarterly Dividend on Common Shares of $0.65 Payable $0.38 in Cash and $0.27 in Shares.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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VORNADO REALTY TRUST (NYSE:VNO) announced that its Board of Trustees has declared a regular quarterly dividend of $0.65 per share with a cash portion of $0.38 per share and a stock portion of $0.27 per share. The dividend is payable on December 14, 2009 to common shareholders of record on November 10, 2009. The dividend will be paid in a combination of cash, not to exceed 58.5% in the aggregate, and common shares.
In accordance with Internal Revenue Service procedure, shareholders will be asked to make an election to receive this dividend all in cash or all in Vornado common shares. To the extent that more than 58.5% cash is elected, the cash portion will be ...