In trading on Wednesday, shares of Public Storage's 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (Symbol: PSA.PRH) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.40), with shares changing hands as low as $27.91 on the day. This compares to an average yield of 6.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRH was trading at a 14.40% premium to its liquidation preference amount, versus the average premium of 45.82% in the "Real Estate" category.
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 :
In Wednesday trading, Public Storage's 5.60% Cumulative Preferred Share of Beneficial Interest, Series H (Symbol: PSA.PRH) is currently off about 0.8% on the day, while the common shares (Symbol: PSA) are down about 1.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
