On 6/11/14, 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 6/30/14. As a percentage of PSB.PRS's recent share price of $25.30, this dividend works out to approximately 1.59%, so look for shares of PSB.PRS to trade 1.59% lower — all else being equal — when PSB.PRS shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.37%, which compares to an average yield of 6.83% 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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.