Credit: Shutterstock photoOn 6/11/14, Public Storage's 5.375% Cumulative Preferred Share of Beneficial Interest, Series V (Symbol: PSA.PRV) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 6/30/14. As a percentage of PSA.PRV's recent share price of $22.65, this dividend works out to approximately 1.48%, so look for shares of PSA.PRV to trade 1.48% lower - all else being equal - when PSA.PRV shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 5.95%, which compares to an average yield of 6.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSA.PRV shares, versus PSA:
Below is a dividend history chart for PSA.PRV, showing historical dividends prior to the most recent $0.3359 on Public Storage's 5.375% Cumulative Preferred Share of Beneficial Interest, Series V :
According to the ETF Finder at ETF Channel, Public Storage (Symbol: PSA) makes up 4.94% of the SPDR Dow Jones REIT ETF ( RWR ) which is trading relatively unchanged on the day Monday.
In Monday trading, Public Storage's 5.375% Cumulative Preferred Share of Beneficial Interest, Series V (Symbol: PSA.PRV) is currently up about 0.3% on the day, while the common shares (Symbol: PSA) are trading flat.
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.
