PreferredStockChannel

Public Storage's Preferred Series I Shares Cross 4.5% Yield Mark

By Preferred Stock Channel Staff, Wednesday, May 12, 2:22 PM ET

In 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:

Performance Comparison Chart

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

Public Storage's Preferred Series I Shares Cross 4.5% Yield Mark | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.