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| Public Storage's Preferred Shares, Series K Yield Pushes Past 5.5%By Preferred Stock Channel Staff, Tuesday, May 23, 2:21 PM ET
In trading on Tuesday, shares of Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K (NYSE:PSA.PRK) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.44 on the day. This compares to an average yield of 8.41% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRK was trading at a 13.08% discount to its liquidation preference amount, versus the average discount of 20.02% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRK shares, versus PSA:
Below is a dividend history chart for PSA.PRK, showing historical dividend payments on Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K (NYSE:PSA.PRK) is currently down about 0.2% on the day, while the common shares (NYSE:PSA) are up about 1.3%.
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