In trading on Wednesday, shares of PS Business Parks, Inc's 6.875% Cumulative Preferred Stock, Series R (PSB.PRR) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $24.50 on the day. This compares to an average yield of 7.74% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRR was trading at a 0.12% discount to its liquidation preference amount, versus the average discount of 5.85% in the "Real Estate" category.
PS Business Parks' Preferred Stock, Series R Shares Cross 7% Yield Mark
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