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Vornado suspends common stock dividends until 2023 end, authorizes $200M stock buyback


Cash retained from dividends or from asset sales will be used to reduce debt and/or fund share repurchases, Vornado said.

Vornado has also launched a new stock buyback program of up to $200 million of its outstanding common shares.

In a separate announcement, the company declared dividends on its preferred shares.



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