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PS Business Parks' Preferred Stock, Series T Yield Pushes Past 6%

In trading on Monday, shares of PS Business Parks, Inc's 6.00% Cumulative Preferred Stock, Series T (Symbol: PSB.PRT) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.62 on the day. This compares to an average yield of 7.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSB.PRT was trading at a 2.20% premium to its liquidation preference amount, versus the average discount of 0.52% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSB.PRT, showing historical dividend payments on PS Business Parks, Inc's 6.00% Cumulative Preferred Stock, Series T:

PSB.PRT+Dividend+History+Chart

In Monday trading, PS Business Parks, Inc's 6.00% Cumulative Preferred Stock, Series T (Symbol: PSB.PRT) is currently off about 3.7% on the day, while the common shares (Symbol: PSB) are down about 0.5%.

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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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