On 9/11/15, PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S (Symbol: PSB.PRS) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 9/30/15. As a percentage of PSB.PRS's recent share price of $26.10, this dividend works out to approximately 1.54%, so look for shares of PSB.PRS to trade 1.54% lower - all else being equal - when PSB.PRS shares open for trading on 9/11/15. On an annualized basis, the current yield is approximately 6.20%, which compares to an average yield of 7.14% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSB.PRS shares, versus PSB:
Below is a dividend history chart for PSB.PRS, showing historical dividends prior to the most recent $0.4031 on PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S :
According to the ETF Finder at ETF Channel, PS Business Parks, Inc (Symbol: PSB) makes up 1.83% of the SPDR Russell 2000 Low Volatility ETF ( SMLV ) which is trading relatively unchanged on the day Wednesday.
In Wednesday trading, PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S (Symbol: PSB.PRS) is currently up about 0.4% on the day, while the common shares (Symbol: PSB) are trading flat.