Vornado Realty Trust cuts dividend by 13,7%

Real Estate Investment Trust Vornado Realty Trust (NYSE: VNO) will lower its quarterly dividend following the spin-off of Urban Edge Properties (NYSE: UE).

The current quarterly dividend will be cut from $0.73 to $0.63 per share, giving Vornado an indicated dividend yield of 2.2%.

Urban Edge Properties was spun off on January 15th.

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