In Thursday’s trading, Vornado Realty Trust’s 4.45% Series O Cumulative Redeemable Preferred Shares (Symbol: VNO.PRO) yielded above 6.5%, based on an annualized quarterly dividend of $1.1125. On the same day, shares were trading as low as $17.00. Compared to the “REITs” preferred stock sector, which has an average yield of 8.64%, VNO.PRO’s yield stands out. Currently, VNO.PRO trades at a substantial 31.36% discount to its liquidation preference, while the average discount in the “REITs” category is 27.23%.
The chart below illustrates the one-year performance of VNO.PRO shares in comparison to Vornado’s common shares:
Dividend History Revealed
Displayed below is a chart chronicling the historical dividend payments for Vornado Realty Trust’s 4.45% Series O Cumulative Redeemable Preferred Shares:
On Thursday, Vornado Realty Trust’s 4.45% Series O Cumulative Redeemable Preferred Shares (Symbol: VNO.PRO) experienced a rise of approximately 0.6%. Meanwhile, the common shares (Symbol: VNO) increased by about 1.9%.
Explore More:
- AEL YTD Return
- MCI Next Dividend Date
- NFYS Market Cap History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
