The ex-dividend date for Vornado Realty (NYSE:VNO) is tomorrow, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $86.67 as of 9:31 a.m., the dividend yield is 3.3%.
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, May 9, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $86.67 as of 9:31 a.m. ET, the dividend yield is 3.3%. The average volume for Vornado has been one million shares per day over the past 30 days. Vornado has a market cap of $16.42 billion and is part of the financial sector and real estate industry. Shares are up 8.4% 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 111.2, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Vornado as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Vornado Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.