NEW YORK ( TheStreet) -- The ex-dividend date for Vornado Realty (NYSE: VNO) is tomorrow, January 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $81.24 as of 9:30 a.m. ET, the dividend yield is 3.4%. The average volume for Vornado has been 1.1 million shares per day over the past 30 days. Vornado has a market cap of $14.89 billion and is part of the financial sector and real estate industry. Shares are up 6% year to date as of the close of trading on Tuesday. 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 23.1, above the average real estate industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Vornado as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Vornado Ratings Report. See our dividend calendar or top-yielding stocks list.