Vornado Realty Trust's Series K Preferred Shares Yield Pushes Past 5.5%

In trading on Friday, shares of Vornado Realty Trust's 5.70% Series K Cumulative Redeemable Preferred Shares (NYSE: VNO.PRK) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $25.87 on the day. This compares to an average yield of 6.61% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRK was trading at a 4.48% premium to its liquidation preference amount, versus...