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PS Business Parks Cumulative Preferred Stock, Series V Goes Ex-Dividend Soon

On 12/11/18, PS Business Parks Inc's 5.70% Cumulative Preferred Stock, Series V (Symbol: PSB.PRV) will trade ex-dividend, for its quarterly dividend of $0.3563, payable on 12/27/18. As a percentage of PSB.PRV's recent share price of $22.94, this dividend works out to approximately 1.55%, so look for shares of PSB.PRV to trade 1.55% lower - all else being equal - when PSB.PRV shares open for trading on 12/11/18. On an annualized basis, the current yield is approximately 6.20%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSB.PRV shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRV, showing historical dividends prior to the most recent $0.3563 on PS Business Parks Inc's 5.70% Cumulative Preferred Stock, Series V :

PSB.PRV+Dividend+History+Chart

In Friday trading, PS Business Parks Inc's 5.70% Cumulative Preferred Stock, Series V (Symbol: PSB.PRV) is currently up about 1.1% on the day, while the common shares (Symbol: PSB) are up about 0.2%.

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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