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$Vornado Realty Trust(VNO-N)$ (NYSE:VNO) is a real estate investment trust that has a collection of premier assets and a focused strategy of growing its dominant positions in New York City office and Manhattan high street retail.
It will report its Q4 2024 earnings on Feb. 10, after the market close. Wall Street analysts expect the company to post EPS of $0.51, down from $0.63 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $447.75 million, up from $441.89 million a year earlier.
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The 52-week range of Vornado Realty stock price was $22.42 to $46.63.
Vornado Realty's dividend yield is 1.71%. It paid $0.74 per share in dividends during the last 12 months.
On Nov. 4, the company announced its Q3 2024 earnings, posting FFO of $0.52, beating the consensus estimate of $0.51, while revenues of $443.255 million came in below the consensus of $447.908 million, as reported by Benzinga.
Check out this article by Benzinga, which provides a glimpse into the expert outlook on Vornado Realty through 7 analysts.
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If you want to make $100 per month — $1,200 annually — from Vornado Realty dividends, your investment value needs to be approximately $70,176, which is around 1,624 shares at $43.21 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (1.71% in this case). So, $1,200 / 0.0171 = $70,176 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
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The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Vornado Realty stock an attractive option for making a steady income of $100 per month by owning 1,624 shares of stock.
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This article How Much Would It Take To Earn $100 A Month From Vornado Realty Stock originally appeared on Benzinga.com
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