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TheStreet Wire

Vornado Stock To Go Ex-dividend Tomorrow (VNO)

By TheStreet Wire 11/06/12 - 09:53 AM EST

Find out if (VNO) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- The ex-dividend date for Vornado Realty (NYSE:VNO) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $80.17 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Vornado has been 988,700 shares per day over the past 30 days. Vornado has a market cap of $15.07 billion and is part of the financial sector and real estate industry. Shares are up 3.9% year to date as of the close of trading on Monday.

Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate. It invests in the real estate markets of United States. The trust primarily invests in office, industrial and retail properties. The company has a P/E ratio of 36, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Vornado as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Vornado Ratings Report.

See our dividend calendar or top-yielding stocks list.

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