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I have some shares of vnod that seeem to have cut or stopped there dividend ...

Could just be temp. for now ?
Any details out there!!!

I see no upside for this preferred...
I don't need the cash but I see no value in holding...

Cheers
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Are you sure it is VNOD? The shares are trading above par ($25) and I didn't see anything about not paying dividends.


Rich
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The last divi was in March...

Do they pay only two a year?
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The last divi was in March...

Do they pay only two a year?


I would check with your broker to see if there was an issue, as my broker's detailed quote info shows they paid a dividend on July 1, 2010. And if the dividends had been suspended, I'm sure that they wouldn't be trading above par.

AJ
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Tropical said....

"The last divi was in March...

Do they pay only two a year?"


Tropical:

There is nothing wrong with this exchange traded bond. The bond par value is $25. The bond pays interest four times/year (Jan 1, Apr 1, July 1, and Oct 1). VNOD matures in 2039.

A great place to get a overview of this bond is at Quantumonline.

http://quantumonline.com/search.cfm

The issuer of the VNOD bonds is Vornado (ticker: VNO). The common stock is currently paying a dividend of $2.60/year so there is no way the bond interest is not being paid. I don't follow Vornado closely but I know that they are in solid shape. IIRC, Vornado has large ownership of class A office properties in NYC and to a lesser extent in the Washington DC area.
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For whatever reason the prior link to Quantumonline is not working.

Try this instead.

http://quantumonline.com/
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