Ex-Div Reminder for Vornado Realty Trust's Series L Cumulative Redeemable Preferred Shares

On 12/11/14, Vornado Realty Trust's 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE: VNO.PRL) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 1/2/15. As a percentage of VNO.PRL's recent share price of $23.35, this dividend works out to approximately 1.45%, so look for shares of VNO.PRL to trade 1.45% lower — all else being equal — when VNO.PRL shares open for trading on 12/11/14. On an annualized basis, the current yield is approximately 5.80%, which com...