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| Vornado Realty Trust's Series L Preferred Shares Yield Pushes Past 9%By Preferred Stock Channel Staff, Wednesday, November 22, 3:21 PM ET
In trading on Wednesday, shares of Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.35), with shares changing hands as low as $14.93 on the day. This compares to an average yield of 8.36% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRL was trading at a 39.20% discount to its liquidation preference amount, versus the average discount of 18.92% in the "Real Estate" category. The chart below shows the one year performance of VNO.PRL shares, versus VNO:
Below is a dividend history chart for VNO.PRL, showing historical dividend payments on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL) is currently off about 1.8% on the day, while the common shares (NYSE:VNO) are up about 0.8%.
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