On 3/13/18, Public Storage's 6.250% Cumulative Preferred Stock, Series Z (Symbol: PSA.PRZ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/29/18. As a percentage of PSA.PRZ's recent share price of $26.40, this dividend works out to approximately 1.42%, so look for shares of PSA.PRZ to trade 1.42% lower - all else being equal - when PSA.PRZ shares open for trading on 3/13/18. On an annualized basis, the current yield is approximately 5.69%, which compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PSA.PRZ shares, versus PSA:
Below is a dividend history chart for PSA.PRZ, showing historical dividends prior to the most recent $0.375 on Public Storage's 6.250% Cumulative Preferred Stock, Series Z :
According to the ETF Finder at ETF Channel, Public Storage (Symbol: PSA) makes up 10.41% of the iShares Residential Real Estate ETF ( REZ ) which is trading relatively unchanged on the day Monday.
In Monday trading, Public Storage's 6.250% Cumulative Preferred Stock, Series Z (Symbol: PSA.PRZ) is currently up about 0.1% on the day, while the common shares (Symbol: PSA) are trading flat.
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.
