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PS Business Parks Cumulative Preferred Stock, Series S About To Put More Money In Your Pocket

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:

Performance Comparison Chart

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 :

PSB.PRS+Dividend+History+Chart

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.

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.

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