Public Storage's Preferred Series N Shares Cross 5.5% Yield Mark

In trading on Monday, shares of Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.9688), with shares changing hands as low as $17.60 on the day. This compares to an average yield of 7.58% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRN was trading at a 29.16% discount to its liquidation preference amount, versus the average discount of 8.97% in the "Real Estate" category.

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

Below is a dividend history chart for PSA.PRN, showing historical dividend payments on Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N:

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

In Monday trading, Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) is currently down about 0.6% on the day, while the common shares (Symbol: PSA) are up about 0.5%.

Also see:

• Cheap Oil Stocks Paying Dividends
• KLRE Historical Stock Prices
• Institutional Holders of EXT

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.