Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L Shares Cross 5.5% Yield Mark

By Preferred Stock Channel Staff, Wednesday, April 10, 2:07 PM ET

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In trading on Wednesday, shares of Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L (NYSE:PSA.PRL) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1563), with shares changing hands as low as $20.89 on the day. This compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRL was trading at a 14.20% discount to its liquidation preference amount, versus the average discount of 13.67% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for PSA.PRL, showing historical dividend payments on Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L:

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

In Wednesday trading, Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L (NYSE:PSA.PRL) is currently off about 2.4% on the day, while the common shares (NYSE:PSA) are off about 6.5%.

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Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L Shares Cross 5.5% Yield Mark

Public Storage's 4.625% Dep Shares of Cumulative Preferred Share Series L Shares Cross 5.5% Yield Mark | www.PreferredStockChannel.com