On 6/14/19, 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 7/1/19. As a percentage of VNO.PRL's recent share price of $25.02, this dividend works out to approximately 1.35%, so look for shares of VNO.PRL to trade 1.35% lower — all else being equal — when VNO.PRL shares open for trading on 6/14/19. On an annualized basis, the current yield is approximately 5.39%, which compares to an average yield of 6.62% 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:
In Wednesday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently trading flat on the day, while the common shares (Symbol: VNO) are down about 0.4%.
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