Public Storage's Preferred Series G Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Friday, May 6, 2:07 PM ETIn trading on Friday, shares of Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (NYSE:PSA.PRG) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2624), with shares changing hands as low as $22.95 on the day. This compares to an average yield of 7.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRG was trading at a 6.48% discount to its liquidation preference amount, versus the average discount of 6.67% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRG shares, versus PSA:
Below is a dividend history chart for PSA.PRG, showing historical dividend payments on Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Friday trading, Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (NYSE:PSA.PRG) is currently off about 0.3% on the day, while the common shares (NYSE:PSA) are off about 3%.
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