VNO.PRL

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

On 3/14/24, 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 4/1/24. As a percentage of VNO.PRL's recent share price of $16.11, this dividend works out to approximately 2.09%, so look for shares of VNO.PRL to trade 2.09% lower — all else being equal — when VNO.PRL shares open for trading on 3/14/24. On an annualized basis, the current yield is approximately 8.36%, which compares to an average yield of 7.76% 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

In Tuesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently down about 0.2% on the day, while the common shares (Symbol: VNO) are trading flat.

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

Also see:
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• NAVI Insider Buying
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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