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

In trading on Thursday, shares of Vornado Realty Trust's 6.625% Series G Cumulative Redeemable Preferred Shares (NYSE: VNO.PRG) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.43 on the day. This compares to an average yield of 6.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, VNO.PRG was trading at a 2.20% premium to its liquidation preference amount, ve...