On 3/12/14, Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P (PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/31/14. As a percentage of PSA.PRP's recent share price of $25.62, this dividend works out to approximately 1.59%, so look for shares of PSA.PRP to trade 1.59% lower — all else being equal — when PSA.PRP shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 6.29%, 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 Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P
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