Vornado Realty Trust Announces Quarterly Dividend of $0.3375 Per Share

Vornado Realty Trust Cum Red Pfd Shs Series L has declared a quarterly dividend of $0.3375 per share, in line with previous dividends. The forward yield is 7.57%. The dividend is payable on October 1, 2022, to shareholders of record on September 15, 2022, and ex-dividend on September 15, 2022.

Vornado Realty Trust has declared a quarterly dividend of $0.3375 per share for its Cum Red Pfd Shs Series L, maintaining the previous dividend rate. The forward yield is 7.57%, making it an attractive option for income-oriented investors [2].

The dividend is scheduled to be paid on October 1, 2022, to shareholders of record as of September 15, 2022. The ex-dividend date is also September 15, 2022. This dividend is part of Vornado Realty Trust's ongoing commitment to providing a stable income stream to its shareholders.

Vornado Realty Trust has been actively engaged in refinancing its properties, recently completing a $450M refinancing of the Penn 11 Multifamily property and securing a $675M refinancing-related loan for Independence Plaza [2]. These refinancing activities suggest a strategic approach to manage debt and potentially enhance the company's financial position.

The company's preferred stock, particularly Series L, has been a reliable source of income for investors, with a consistent dividend history. The forward yield of 7.57% is in line with the company's historical dividend payouts and provides a competitive income stream compared to other real estate investment trusts (REITs).

Investors should consider the current market conditions and the company's financial health when evaluating Vornado Realty Trust's preferred stock. The forward yield and consistent dividend history make Series L an appealing choice for those seeking stable income from real estate investments.

References:
[1] https://stockanalysis.com/etf/pffr/holdings/
[2] https://seekingalpha.com/news/4475781-vornado-realty-trust-cum-red-pfd-shs-series-l-declares-0_3375-dividend