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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.


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

In This Story

VNO VNO.PRL EWRE

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