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| Public Storage's Preferred Series O Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Tuesday, March 26, 2:15 PM ET
In trading on Tuesday, shares of Public Storage's 3.90% Dep Shares of Cumulative Preferred Share Series O (NYSE:PSA.PRO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.975), with shares changing hands as low as $17.72 on the day. This compares to an average yield of 7.70% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRO was trading at a 28.00% discount to its liquidation preference amount, versus the average discount of 12.65% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRO shares, versus PSA:
Below is a dividend history chart for PSA.PRO, showing historical dividend payments on Public Storage's 3.90% Dep Shares of Cumulative Preferred Share Series O:
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 3.90% Dep Shares of Cumulative Preferred Share Series O (NYSE:PSA.PRO) is currently off about 1.4% on the day, while the common shares (NYSE:PSA) are up about 0.3%.
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