On June 15, 2026, Vornado Realty Trust’s 5.40% Series L Cumulative Redeemable Preferred Shares (VNO.PRL) will trade ex-dividend for a quarterly dividend of $0.3375, payable on July 1, 2026. This dividend represents approximately 1.89% of VNO.PRL’s recent share price of $17.83, indicating that shares are expected to trade lower by about 1.89% when they open.
The current annualized yield for VNO.PRL is around 7.60%, which is below the average yield of 8.09% in the Real Estate preferred stock category, as per Preferred Stock Channel. As of Thursday trading, VNO.PRL shares are up about 0.5%, while the common shares (VNO) have decreased by approximately 0.5%.
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