Public Storage's Preferred Series N Shares Cross 6% Yield Mark

In trading on Tuesday, shares of Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) were yielding above the 6% mark based on its quarterly dividend (annualized to $0.9688), with shares changing hands as low as $16.06 on the day. This compares to an average yield of 7.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRN was trading at a 35.24% discount to its liquidation preference amount, versus the average discount of 11.39% in the "Real Estate" category.

Below is a dividend history chart for PSA.PRN, showing historical dividend payments on Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N: Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Public Storage's 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) is currently down about 0.2% on the day, while the common shares (Symbol: PSA) are trading flat.

Click here to find out the 50 highest yielding preferreds »

Also see: • Top Ten Hedge Funds Holding GBIO
• DFRG Historical Stock Prices
• Funds Holding ASPA


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.