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PS Business Parks Cumulative Preferred Stock, Series Y Goes Ex-Dividend Soon


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On 9/11/18, PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series Y (Symbol: PSB.PRY) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 9/27/18. As a percentage of PSB.PRY's recent share price of $23.24, this dividend works out to approximately 1.40%, so look for shares of PSB.PRY to trade 1.40% lower - all else being equal - when PSB.PRY shares open for trading on 9/11/18. On an annualized basis, the current yield is approximately 5.56%, which compares to an average yield of 6.79% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSB.PRY shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRY, showing historical dividends prior to the most recent $0.325 on PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series Y:

PSB.PRY+Dividend+History+Chart

In Friday trading, PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series Y (Symbol: PSB.PRY) is currently down about 0.6% on the day, while the common shares (Symbol: PSB) are off about 1.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen ยป

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





This article appears in: Investing , Investing Ideas
Referenced Symbols: PSB.PRY , PSB



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