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Public Storage's 6.45% Cumulative Preferred Stock, Series F Yield Pushes Past 5%

In trading on Monday, shares of Public Storage's 6.45% Cumulative Preferred Stock, Series F (Symbol: PSA.PRF) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2876), with shares changing hands as low as $25.66 on the day. This compares to an average yield of 6.62% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRF was trading at a 3.96% premium to its liquidation preference amount, versus the average premium of 37.73% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSA.PRF, showing historical dividend payments on Public Storage's 6.45% Cumulative Preferred Stock, Series F :

PSA.PRF+Dividend+History+Chart

In Monday trading, Public Storage's 6.45% Cumulative Preferred Stock, Series F (Symbol: PSA.PRF) is currently down about 1.1% on the day, while the common shares (Symbol: PSA) are off about 1.6%.

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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.

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