Public Storage's Preferred Shares, Series G Crosses Above 5.5% Yield Territory

By Preferred Stock Channel Staff, Friday, December 2, 2:07 PM ET

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In 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 $1.2625), with shares changing hands as low as $22.88 on the day. This compares to an average yield of 7.70% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRG was trading at a 8.04% discount to its liquidation preference amount, versus the average discount of 15.63% in the "Real Estate" category.

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

Performance Comparison Chart

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:

Free Report: Top 8%+ Dividends (paid monthly)

In Friday trading, Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (NYSE:PSA.PRG) is currently up about 0.6% on the day, while the common shares (NYSE:PSA) are down about 0.1%.

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Public Storage's Preferred Shares, Series G Crosses Above 5.5% Yield Territory

Public Storage's Preferred Shares, Series G Crosses Above 5.5% Yield Territory | www.PreferredStockChannel.com