Vornado Realty Trust: Pleasing Shareholders For Over 30 Years

| About: Vornado Realty (VNO)

Eddy Elfenbein submits: More boring stocks. Today, I give you Vornado Realty Trust (NYSE:VNO). Over the last 32 years, shares of Vornado are up more than 600-fold.

VNO 30-yr chart

The flat gold line on the chart is the S&P. It's not really flat, it just looks that way in comparison to Vornado. By the way, that 60,000% doesn't include dividends. Since VNO is a REIT, it pays fairly generous dividends. The current yield is 2.8%. If I had to estimate, I'd say that dividends by themselves gave VNO shareholders about a 200% return since 1974, meaning the stock's total return is about 180,000%.

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