Vornado Realty Trust's Series M Preferred Shares Cross 5% Yield Mark

By Preferred Stock Channel Staff, Tuesday, May 11, 2:14 PM ET

Start slideshow:
10 Stocks Where Yields Got More Juicy »

In trading on Tuesday, shares of Vornado Realty Trust's 5.25% Series M Cumulative Redeemable Preferred Shares (NYSE:VNO.PRM) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $26.15 on the day. This compares to an average yield of 6.37% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRM was trading at a 5.68% premium to its liquidation preference amount, versus the average premium of 4.77% in the "Real Estate" category.

The chart below shows the one year performance of VNO.PRM shares, versus VNO:

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:

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

In Tuesday trading, Vornado Realty Trust's 5.25% Series M Cumulative Redeemable Preferred Shares (NYSE:VNO.PRM) is currently down about 0.6% on the day, while the common shares (NYSE:VNO) are off about 0.4%.

This Article's Word Cloud: Arial Below Channel Cumulative Dividend Estate Juicy More NYSE Newsletter Offer Preferred Premium Real Realty Receive Redeemable Series Shares Special Start Stock Stocks This Trust Tuesday Vornado Where Yields about above according afterLeftLabels afternoon amount annualized average axisColor background based category chart dividend escape fillColor premium shares trading versus with

Vornado Realty Trust's Series M Preferred Shares Cross 5% Yield Mark

Vornado Realty Trust's Series M Preferred Shares Cross 5% Yield Mark | www.PreferredStockChannel.com