Public Storage's Preferred Series I Shares Cross 4.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, May 12, 2:22 PM ETIn trading on Wednesday, shares of Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (NYSE:PSA.PRI) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $27.01 on the day. This compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRI was trading at a 10.08% premium to its liquidation preference amount, versus the average premium of 4.40% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRI shares, versus PSA:
Below is a dividend history chart for PSA.PRI, showing historical dividend payments on Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Public Storage's 4.875% Cumulative Preferred Share of Beneficial Interest, Series I (NYSE:PSA.PRI) is currently down about 1.3% on the day, while the common shares (NYSE:PSA) are off about 1.3%.
This Article's Word Cloud:
Arial
Below
Beneficial
Channel
Cumulative
Days
Dollars
Estate
Interest
Join
Juicy
More
NYSE
Offer
Preferred
Public
Real
Series
Seven
Share
Special
Start
Stock
Stocks
Storage
This
ValueForum
Wednesday
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
based
category
chart
dividend
escape
fillColor
premium
shares
trading
versus
with
|