PS Business Parks' Preferred Stock, Series W Shares Cross 5% Yield Mark
In trading on Thursday, shares of PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series W (Symbol: PSB.PRW) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $25.89 on the day. This compares to an average yield of 6.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRW was trading at a 4.56% premium to its liquidation preference amount, versus the average premium of 42.26% in the "Real Estate" category.
Below is a dividend history chart for PSB.PRW, showing historical dividend payments on PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series W :
In Thursday trading, PS Business Parks Inc's 5.20% Cumulative Preferred Stock, Series W (Symbol: PSB.PRW) is currently off about 0.5% on the day, while the common shares (Symbol: PSB) are up about 0.4%.
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