On 6/14/21, 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 7/1/21. As a percentage of VNO.PRL's recent share price of $25.86, this dividend works out to approximately 1.31%, so look for shares of VNO.PRL to trade 1.31% lower — all else being equal — when VNO.PRL shares open for trading on 6/14/21. On an annualized basis, the current yield is approximately 5.20%, which compares to an average yield of 6.32% 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:
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:
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently down about 0.4% on the day, while the common shares (Symbol: VNO) are up about 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.