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Public Storage's 6.250% Cumulative Preferred Stock, Series Z Goes Ex-Dividend Soon


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On 3/13/18, Public Storage's 6.250% Cumulative Preferred Stock, Series Z (Symbol: PSA.PRZ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/29/18. As a percentage of PSA.PRZ's recent share price of $26.40, this dividend works out to approximately 1.42%, so look for shares of PSA.PRZ to trade 1.42% lower - all else being equal - when PSA.PRZ shares open for trading on 3/13/18. On an annualized basis, the current yield is approximately 5.69%, which compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSA.PRZ shares, versus PSA:

Performance Comparison Chart

Below is a dividend history chart for PSA.PRZ, showing historical dividends prior to the most recent $0.375 on Public Storage's 6.250% Cumulative Preferred Stock, Series Z :

PSA.PRZ+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Public Storage (Symbol: PSA) makes up 10.41% of the iShares Residential Real Estate ETF ( REZ ) which is trading relatively unchanged on the day Monday.

In Monday trading, Public Storage's 6.250% Cumulative Preferred Stock, Series Z (Symbol: PSA.PRZ) is currently up about 0.1% on the day, while the common shares (Symbol: PSA) are trading flat.

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

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
Referenced Symbols: REZ , PSA.PRZ , PSA



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