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Public Storage's Preferred Series G Shares Cross 5% Yield Mark

In trading on Friday, shares of Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (Symbol: PSA.PRG) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.2624), with shares changing hands as low as $25.22 on the day. This compares to an average yield of 6.67% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRG was trading at a 4.12% premium to its liquidation preference amount, versus the average premium of 40.47% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSA.PRG, showing historical dividend payments on Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G:

PSA.PRG+Dividend+History+Chart

In Friday trading, Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (Symbol: PSA.PRG) is currently down about 2% on the day, while the common shares (Symbol: PSA) are off about 2.1%.

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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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