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Public Storage's Preferred Shares, Series T Crosses Above 6% Yield Territory

In trading on Thursday, shares of Public Storage's 5.750% Cumulative Preferred Share of Beneficial Interest, Series T (Symbol: PSA.PRT) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $22.77 on the day. This compares to an average yield of 7.21% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSA.PRT was trading at a 0.24% discount to its liquidation preference amount, versus the average discount of 0.35% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for PSA.PRT, showing historical dividend payments on Public Storage's 5.750% Cumulative Preferred Share of Beneficial Interest, Series T :

PSA.PRT+Dividend+History+Chart

In Thursday trading, Public Storage's 5.750% Cumulative Preferred Share of Beneficial Interest, Series T (Symbol: PSA.PRT) is currently down about 0.1% on the day, while the common shares (Symbol: PSA) are up about 0.3%.

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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.


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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