Record · Preferred

Vornado Realty Trust (VNO-L) dividend, yield to call and par

The record members read, with the price chart and the complete dividend ledger opening on a free account.

VNO-L pays $0.34/share a quarter, a 7.96% current yield at $16.95. It is a cumulative preferred from Vornado Realty Trust with a 5.4% coupon on $25 par.

See pricing

Closing priceTerms from the prospectusDividends from company declarations

VNO-L

Preferred · NYSE

$16.95

-32.20% vs par

$0.34

dividend, quarterly

Mar 15, 2027

next ex-date, projected

—

yield to call

$25

par value

Price 4:00 pm ET, Nov 6, 2026

VNO-L

Preferred · NYSE · CUSIP 929042844

$16.95

-32.20% vs par

52-week $16.16 to $18.45

Vornado Realty Trust 5.40% Series L Cumulative Redeemable

$25 parCumulativeQuarterly

Q1 · What it pays

7.96%current yield on $1.35 a year, quarterly

VNO-L has paid $0.34/share every quarter since December 14, 2021, $1.35 a year. The last ex-date was December 15, 2026, paid January 4, 2027.

Yield to call—

Stripped yield8.06%

Q2 · What to check

The shares trade 32.2% below par, so a call would return more than the price paid. The issue has no maturity date.

Coupon

5.4%

Credit quality

High yield

Call date

—

Maturity

None

Average volume, 30 days

23.5K

shares a day

Issuer

Vornado Realty Trust

Q3 · The terms

Par value

$25

Liquidation preference

$25.00

Coupon type

—

Dividends

Cumulative

Reset date

None

Qualified dividends

Not eligible

Q4 · What happens next

Next ex-date, projected from the cycleMar 15, 2027

Projected pay dateApr 5, 2027

Amount$0.34

Call dateNone set

Dividend history

Ex-date and pay date

Ex-date	Pay date	Per share	Annual rate	Kind
Mar 15, 2027	Apr 5, 2027	$0.34	$1.35	Projected
Dec 15, 2026	Jan 4, 2027	$0.34	$1.35	Regular
Sep 15, 2026	Oct 1, 2026	$0.34	$1.35	Regular
Jun 15, 2026	Jul 1, 2026	$0.34	$1.35	Regular
Mar 16, 2026	Apr 1, 2026	$0.34	$1.35	Regular
Dec 15, 2025	Jan 2, 2026	$0.34	$1.35	Regular
Sep 15, 2025	Oct 1, 2025	$0.34	$1.35	Regular
Jun 16, 2025	Jul 1, 2025	$0.34	$1.35	Regular
Mar 17, 2025	Apr 1, 2025	$0.34	$1.35	Regular

The last eight declarations and the projected next one. The complete ledger, the chart and the declaration dates open with a free account.

About Vornado Realty Trust

Vornado Realty Trust issued VNO-L, a cumulative preferred with a 5.4% coupon on $25 par. The issuer is in real estate.

Company description

Vornado's real estate holdings are primarily concentrated in New York City, a pivotal national market, alongside their top-tier properties in Chicago and San Francisco. The company also distinguishes itself as a leader in developing sustainability policies within the real estate industry. Evidencing this commitment, Vornado oversees more than 23 million square feet of LEED-certified buildings and was recognized with the Energy Star Partner of the Year Award for Sustained Excellence in 2019. A significant historical event for the company was celebrating its 50th anniversary of listing on the New York Stock Exchange back in 2012.

Same issuer

VNO-MVNO-NVNO-OVNORP

Read on

Current yield, yield to call and yield to worstWhich yield to read when a preferred trades away from par.
Understanding call provisions and call riskWhat the call date means for an issue above or below par.
Cumulative vs. non-cumulative preferred stocksWhat happens to a missed dividend under each kind.
How much income does $100,000 in preferred stocks payThe arithmetic on three public records, share by share, before and after tax.
How are preferred stock dividends taxedQualified, REIT or interest: which this issuer pays and what each keeps.
GlossaryThe terms on this page, defined.

The coverage trap check, the price chart and the issuer fundamentals open with a free account.

A watchlist, alerts and the calculators for this issue open with a free account.

Run VNO-L through the yield to worst calculator, open to everyone, with the figures from this page filled in.

Credit quality shows Investment grade, High yield or Not rated. No agency grades are shown. Sources: SEC EDGAR, licensed market data, FRED. Nothing on this page is investment advice or a recommendation to buy, sell or hold.