In trading on Thursday, shares of PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U (PSB.PRU) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $18.60 on the day. This compares to an average yield of 7.79% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRU was trading at a 22.20% discount to its liquidation preference amount, versus the average discount of 6.49% in the "Real Estate" category.The chart below shows the one year performance of PSB.PRU shares, versus PSB:
PS Business Parks' Preferred Stock, Series U Shares Cross 7.5% Yield Mark
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