In trading on Wednesday, shares of Public Storage’s 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $0.9688), with shares changing hands as low as $14.89 on the day. This compares to an average yield of 8.11% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRN was trading at a 40.16% discount to its liquidation preference amount, versus the average discount of 14.38% in the “Real Estate” category.
The chart below shows the one year performance of PSA.PRN shares, versus PSA:
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:
In Wednesday trading, Public Storage’s 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) is currently down about 0.1% on the day, while the common shares (Symbol: PSA) are off about 0.8%.
