PSA.PRR

Public Storage's Preferred Series R Shares Cross 6% Yield Mark

In trading on Thursday, shares of Public Storage's 4.0% Depositary Shares Cumulative Preferred Shares Ser R (Symbol: PSA.PRR) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $16.64 on the day. This compares to an average yield of 7.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRR was trading at a 32.52% discount to its liquidation preference amount, versus the average discount of 11.99% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSA.PRR, showing historical dividend payments on Public Storage's 4.0% Depositary Shares Cumulative Preferred Shares Ser R:

PSA.PRR+Dividend+History+Chart

In Thursday trading, Public Storage's 4.0% Depositary Shares Cumulative Preferred Shares Ser R (Symbol: PSA.PRR) is currently down about 0.8% on the day, while the common shares (Symbol: PSA) are up about 0.1%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• Top Stocks Held By Howard Marks
• ATH shares outstanding history
• Institutional Holders of SXI

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

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