Vornado Realty Trust’s Dividend Suspension Says A Lot About New York’s Struggles

Vornado Realty VNO -0.4% Trust suspended its dividend (previously 37 cents per share per quarter, yielding about 10.2%) through the end of the year. Its stock price immediately dropped by almost 12% before quickly recovering most of its lost ground. Why would the stock price fall more than the lost yield, and why would it recover almost fully?...
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RSK: This says a lot about real estate stocks or REITS and real estate in general. Oftentimes the cash flow dwindles for a while but you are also building equity from appreciation and mortgage reduction...and let`s not forget depreciation as a return...