On 12/11/13, PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S (PSB.PRS) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 12/30/13. As a percentage of PSB.PRS's recent share price of $22.25, this dividend works out to approximately 1.81%, so look for shares of PSB.PRS to trade 1.81% lower — all else being equal — when PSB.PRS shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 7.22%, which compares to an average yield of 7.74% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
PS Business Parks Cumulative Preferred Stock, Series S About To Put More Money In Your Pocket
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