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Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares Ex-Dividend Reminder


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On 3/14/18, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 4/2/18. As a percentage of VNO.PRL's recent share price of $24.63, this dividend works out to approximately 1.37%, so look for shares of VNO.PRL to trade 1.37% lower - all else being equal - when VNO.PRL shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 5.46%, which compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of VNO.PRL shares, versus VNO:

Performance Comparison Chart

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:

VNO.PRL+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Vornado Realty Trust (Symbol: VNO) makes up 2.93% of the Guggenheim S&P 500 Equal Weight Real Estate ETF ( EWRE ) which is trading higher by about 0.4% on the day Monday.

In Monday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently off about 0.4% on the day, while the common shares (Symbol: VNO) are up about 0.4%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: EWRE , VNO.PRL , VNO



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