Vornado Realty Trust's Series J Preferred Shares Crosses Above 6.5% Yield Territory

In trading on Friday, shares of Vornado Realty Trust's 6.875% Series J Cumulative Redeemable Preferred Shares (NYSE: VNO.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.44 on the day. This compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRJ was trading at a 5.96% premium to its liquidation preference amount, vers...