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 Featured MNV Articles:
| Cash Dividend On The Way From Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred SharesBy Preferred Stock Channel Staff, Tuesday, December 12, 1:38 PM ET
On 12/14/23, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/24. As a percentage of VNO.PRL's recent share price of $15.56, this dividend works out to approximately 2.17%, so look for shares of VNO.PRL to trade 2.17% lower — all else being equal — when VNO.PRL shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 8.81%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRL was trading at a 38.76% discount to its liquidation preference amount. 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 dividends prior to the most recent $0.3375 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 Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL) is currently up about 1.6% on the day, while the common shares (NYSE:VNO) are down about 2.8%.
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