On 3/12/14, 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 3/31/14. As a percentage of PSB.PRS's recent share price of $23.89, this dividend works out to approximately 1.69%, so look for shares of PSB.PRS to trade 1.69% lower — all else being equal — when PSB.PRS shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 6.72%, which compares to an average yield of 7.41% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From PS Business Parks Cumulative Preferred Stock, Series S
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