Trailing Dividend / Share
$0.74
Vornado Realty Trust (VNO) Dividend History
Income profile from 1990 to 2025 with payout safety and yield-on-cost trend
Dividend Yield
2.2%
Payout Ratio
15.6%
Sustainable
Dividend Streak
0 years
VNO Dividend Income Check
Safety
15.6% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 2.0% and trend is falling.
VNO Dividend Scorecard
Yield & Income
Dividend Yield2.2%
Trailing DPS$0.74
FrequencyAnnual
Payments / 12M1
Payout Safety
Earnings Payout15.6%
Earnings SafetySustainable
FCF Payout51.2%
FCF SafetyAdequate
Piotroski F-Score7/9
Growth
Growth Streak0 years
3Y CAGR-29.6%
5Y CAGR-20.8%
Yield on Cost (5Y)2.0%
YOC Trendfalling
Total Returns
Buyback Yield0.8%
Total Shareholder Yield3.0%
1Y Total Return-16.0%
5Y Total Return-11.6%
Div Contribution (5Y)11.0%
Estimated $10K growth (return + dividends):
5Y ago$8,84410Y ago$6,52820Y ago$9,511
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). VNO's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
VNO Income Growth Story
Dividend per share and yield on cost over time (36 years of payments)
VNO Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Vornado Realty Trust distributes 15.6% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 51.2%, rated "Adequate".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
VNO does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -29.6% and 5-year CAGR of -20.8%.
Total Shareholder Returns
Beyond cash dividends, VNO returns capital through share repurchases. The combined picture: 2.2% dividend yield, 0.8% buyback yield, 3.0% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.0% and is currently falling. The 5-year total return is -11.6%, with dividends contributing 11.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $6,528 today.
VNO Recent Dividend Payments
Last 20 payments · Annual
TTM Total$12.71
Avg/Payment$0.6353
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 18, 2025Latest | $0.7400 | — | 2.21% | Dec 29, 2025 |
| Dec 16, 2024 | $0.7400 | ↑ +146.7% | 1.65% | Dec 27, 2024 |
| Dec 14, 2023 | $0.3000 | ↓ -20.0% | 95.72% | Dec 27, 2023 |
| Jan 27, 2023 | $0.3750 | ↓ -29.2% | 8.36% | Feb 10, 2023 |
| Nov 4, 2022 | $0.5300 | — | 9.17% | Nov 18, 2022 |
| Aug 5, 2022 | $0.5300 | — | 7.66% | Aug 19, 2022 |
| May 6, 2022 | $0.5300 | — | 5.85% | May 20, 2022 |
| Jan 28, 2022 | $0.5300 | — | 5.26% | Feb 11, 2022 |
VNO Dividend vs Peers
Comparable companies in the same industry
#9 yield in peer group
Div Yield
2.2%
#9 of 9
Safety
Sustainable
15.6% payout
Streak
0Y
-20.8% 5Y CAGR
Total Shareholder
3.0%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| VNOVornado Realty Trust | $6.3B | 2.2% | 15.6% | 0 | Sustainable |
1st  SLGSL Green Realty Corp… | $3.5B | 7.1% | — | 0 | Unknown |
2nd  BXPBXP, Inc. | $9.6B | 6.7% | 2.3% | 0 | Sustainable |
 KRCKilroy Realty Corpor… | $3.9B | 6.4% | 93.4% | 0 | At Risk |
3rd  HIWHighwoods Properties… | $3.3B | 6.6% | 1.4% | 0 | Sustainable |
 PDMPiedmont Office Real… | $1.1B | 2.8% | — | 0 | Unknown |
 CUZCousins Properties I… | $4.6B | 4.6% | 5.3% | 0 | Sustainable |
 SPGSimon Property Group… | $65.2B | 4.3% | 60.5% | 4 | Watch |
 MACThe Macerich Company | $6.9B | 3.2% | — | 0 | Unknown |
VNO Annual Dividend History (1990–2025)
36 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2025 | $0.74 | 0.0% | 1 | $4.20 | 17.6% | 5.68x | 2.0% |
| 2024 | $0.74 | 9.6% | 1 | $0.04 | 1850.0% | 0.05x | 2.0% |
| 2023 | $0.68 | -68.2% | 2 | $0.23 | 293.5% | 0.34x | 1.8% |
| 2022 | $2.12 | 0.0% | 4 | $-2.13 | — | — | 5.8% |
| 2021 | $2.12 | -10.9% | 4 | $0.53 | 400.0% | 0.25x | 5.8% |
| 2020 | $2.38 | -48.1% | 4 | $-1.83 | — | — | 6.5% |
| 2019 | $4.59 | 82.1% | 5 | $16.21 | 28.3% | 3.53x | 12.5% |
| 2018 | $2.52 | 7.3% | 4 | $2.35 | 107.2% | 0.93x | 6.9% |
| 2017 | $2.35 | 15.3% | 4 | $0.85 | 276.2% | 0.36x | 6.4% |
| 2016 | $2.04 | 0.0% | 4 | $5.08 | 40.1% | 2.49x | 5.6% |
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Historical Returns
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VNO — Frequently Asked Questions
Quick answers to the most common questions about buying VNO stock.
How much dividend does VNO pay per share?
Vornado Realty Trust (VNO) pays a trailing 12-month dividend of $0.74 per share, with a current dividend yield of +2.2%. Payments are made Annual.
When is VNO's next ex-dividend date?
VNO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. VNO typically pays dividends Annual.
Is VNO's dividend safe?
VNO's dividend safety is rated "Sustainable" based on an earnings payout ratio of +15.6% and FCF payout ratio of +51.2%. The dividend history does not yet show a prolonged growth streak.
How many years has VNO increased its dividend?
VNO has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -20.8%.
How often does VNO pay dividends?
Vornado Realty Trust pays dividends Annual. The trailing 12-month total is $0.74 per share. Dividend data on this page covers 35+ years from 1990 to 2025.
How much would $10,000 invested in VNO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in VNO five years ago would be worth approximately $8,844 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is VNO's yield on cost for long-term holders?
VNO's yield on cost — the current dividend divided by the original purchase price — is +2.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.2% market yield, thanks to the lower original cost basis.