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Cash Dividend On The Way From Public Storage's 6.450% Cumulative Preferred Stock, Series X

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Shutterstock photo

Shutterstock photo

On 3/13/18, Public Storage's 6.450% Cumulative Preferred Stock, Series X (Symbol: PSA.PRX) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 3/29/18. As a percentage of PSA.PRX's recent share price of $24.57, this dividend works out to approximately 1.32%, so look for shares of PSA.PRX to trade 1.32% lower - all else being equal - when PSA.PRX shares open for trading on 3/13/18. On an annualized basis, the current yield is approximately 5.28%, 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.PRX shares, versus PSA:

Performance Comparison Chart

Below is a dividend history chart for PSA.PRX, showing historical dividends prior to the most recent $0.325 on Public Storage's 6.450% Cumulative Preferred Stock, Series X :

PSA.PRX+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 6.450% Cumulative Preferred Stock, Series X (Symbol: PSA.PRX) is currently off about 0.2% 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.


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

In This Story

PSA REZ PSA.PRX

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