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Vornado Realty Trust's Series M Preferred Shares Crosses Above 6% Yield Territory

In trading on Wednesday, shares of Vornado Realty Trust's 5.25% Series M Cumulative Redeemable Preferred Shares (Symbol: VNO.PRM) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $21.85 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, VNO.PRM was trading at a 11.44% discount to its liquidation preference amount, versus the average premium of 26.35% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for VNO.PRM, showing historical dividend payments on Vornado Realty Trust's 5.25% Series M Cumulative Redeemable Preferred Shares:

VNO.PRM+Dividend+History+Chart

In Wednesday trading, Vornado Realty Trust's 5.25% Series M Cumulative Redeemable Preferred Shares (Symbol: VNO.PRM) is currently down about 1.3% on the day, while the common shares (Symbol: VNO) are off about 1.4%.

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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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