Public Storage's Preferred Shares, Series H Crosses Above 5% Yield Territory

By Preferred Stock Channel Staff, Tuesday, May 11, 2:15 PM ET

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In trading on Tuesday, shares of Public Storage's 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (NYSE:PSA.PRH) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.40), with shares changing hands as low as $27.89 on the day. This compares to an average yield of 6.37% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRH was trading at a 12.84% premium to its liquidation preference amount, versus the average premium of 4.77% in the "Real Estate" category.

The chart below shows the one year performance of PSA.PRH shares, versus PSA:

Performance Comparison Chart

Below is a dividend history chart for PSA.PRH, showing historical dividend payments on Public Storage's 5.60% Cumulative Preferred Share of Beneficial Interest, Series H :

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In Tuesday trading, Public Storage's 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (NYSE:PSA.PRH) is currently off about 0.8% on the day, while the common shares (NYSE:PSA) are off about 1%.

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Public Storage's Preferred Shares, Series H Crosses Above 5% Yield Territory

Public Storage's Preferred Shares, Series H Crosses Above 5% Yield Territory | www.PreferredStockChannel.com