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PS Business Parks' Preferred Stock, Series Y Shares Cross 6% Yield Mark


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In trading on Monday, shares of PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series Y (Symbol: PSB.PRY) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $21.58 on the day. This compares to an average yield of 7.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSB.PRY was trading at a 13.04% discount to its liquidation preference amount, versus the average premium of 23.28% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSB.PRY, showing historical dividend payments on PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series Y:

PSB.PRY+Dividend+History+Chart

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

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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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