Vornado Realty Trust has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on February 22, 1973 with the ratio of 107-for-100, meaning that for 100 shares of VNO owned pre-split, shareholders then owned 107 shares. 6 more splits have been implemented since then. The most recent stock split took place on November 06, 2009 on a 251-for-250 basis.
These splits have increased VNO stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Vornado Realty Trust's total market capitalization.
For more detailed information of Vornado Realty Trust's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Vornado Realty Trust has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when VNO stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Vornado Realty Trust's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
