PS Business Parks' Preferred Stock, Series U Shares Cross 7.5% Yield Mark

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:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRU, showing historical dividend payments on PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U :

PSB.PRU+Dividend+History+Chart

In Thursday trading, PS Business Parks, Inc's 5.75% Cumulative Preferred Stock, Series U ( PSB.PRU) is currently down about 3.6% on the day, while the common shares ( PSB) are trading flat.