In trading on Wednesday, shares of Public Storage's 6.45% Cumulative Preferred Stock, Series F (Symbol: PSA.PRF) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2876), with shares changing hands as low as $21.25 on the day. This compares to an average yield of 7.59% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSA.PRF was trading at a 13.76% discount to its liquidation preference amount, versus the average premium of 20.35% in the "Real Estate" category.
Below is a dividend history chart for PSA.PRF, showing historical dividend payments on Public Storage's 6.45% Cumulative Preferred Stock, Series F :
In Wednesday trading, Public Storage's 6.45% Cumulative Preferred Stock, Series F (Symbol: PSA.PRF) is currently up about 1.6% on the day, while the common shares (Symbol: PSA) are off about 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.
