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Public Storage's Preferred Stock, Series D Yield Pushes Past 6%


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In trading on Thursday, shares of Public Storage's 6.18% Cumulative Preferred Stock, Series D (Symbol: PSA.PRD) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2376), with shares changing hands as low as $20.58 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, PSA.PRD was trading at a 16.56% discount to its liquidation preference amount, versus the average premium of 23.24% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSA.PRD, showing historical dividend payments on Public Storage's 6.18% Cumulative Preferred Stock, Series D :

PSA.PRD+Dividend+History+Chart

In Thursday trading, Public Storage's 6.18% Cumulative Preferred Stock, Series D (Symbol: PSA.PRD) is currently off about 0.6% on the day, while the common shares (Symbol: PSA) are off 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: PSA.PRD , PSA



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