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| Vornado announces dividend on common shares New York-based Vornado Realty Trust (VNO), which owns office buildings, shopping centers and city stores, announced that its $0.95 common share dividend, payable on March 12, 2009 will consist of approximately $59 million in cash and approximately 2.8 million common shares priced at $32.0741 per share, as follows: • Holders of 11.3 million shares elected to receive the dividend all in shares; • Holders of 122.0 million shares elected to receive the dividend all in cash, and will receive $.415 per share in cash (43.7%) and $.535 per share in stock (56.3%); • Holders of 22.1 million shares made no election, and will receive $.38 per share in cash (40%) and $.57 per share in stock (60%). write your comments about the article :: © 2009 Construction News :: home page |