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Vornado Realty Trust's Series L Preferred Shares Cross 6% Yield Mark

In trading on Monday, shares of Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.35), with shares changing hands as low as $22.50 on the day. This compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, VNO.PRL was trading at a 8.72% discount to its liquidation preference amount, versus the average premium of 0.96% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for VNO.PRL, showing historical dividend payments on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares:

VNO.PRL+Dividend+History+Chart

In Monday trading, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (Symbol: VNO.PRL) is currently off about 0.9% on the day, while the common shares (Symbol: VNO) are off about 1.3%.

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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.


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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