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PS Business Parks' Preferred Stock, Series Z Shares Cross 4.5% Yield Mark

In trading on Monday, shares of PS Business Parks Inc's 4.875% Cumulative Preferred Stock, Series Z (Symbol: PSB.PRZ) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.2188), with shares changing hands as low as $27.01 on the day. This compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRZ was trading at a 8.56% premium to its liquidation preference amount, versus the average premium of 40.18% in the "Real Estate" category.

The chart below shows the one year performance of PSB.PRZ shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRZ, showing historical dividend payments on PS Business Parks Inc's 4.875% Cumulative Preferred Stock, Series Z :

PSB.PRZ+Dividend+History+Chart

In Monday trading, PS Business Parks Inc's 4.875% Cumulative Preferred Stock, Series Z (Symbol: PSB.PRZ) is currently off about 0.2% on the day, while the common shares (Symbol: PSB) are up about 0.5%.

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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