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PS Business Parks' Preferred Stock, Series U Shares Cross 6% Yield Mark

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Friday, shares of PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U (Symbol: PSB.PRU) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $23.79 on the day. This compares to an average yield of 7.05% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSB.PRU was trading at a 3.96% discount to its liquidation preference amount, versus the average premium of 0.52% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSB.PRU, showing historical dividend payments on PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U :

PSB.PRU+Dividend+History+Chart

In Friday trading, PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U (Symbol: PSB.PRU) is currently up about 1.1% on the day, while the common shares (Symbol: PSB) are up about 2.6%.

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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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