Vornado Realty Trust's Series L Preferred Shares Crosses Above 8% Yield Territory

By Preferred Stock Channel Staff, Monday, November 21, 2:27 PM ET

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In trading on Monday, shares of Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.35), with shares changing hands as low as $16.69 on the day. As of last close, VNO.PRL was trading at a 32.16% discount to its liquidation preference amount, versus the average discount of 17.40% in the "Real Estate" category.

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 dividend payments on Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares:

Free Report: Top 8%+ Dividends (paid monthly)

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

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Vornado Realty Trust's Series L Preferred Shares Crosses Above 8% Yield Territory

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