PS Business Parks' Preferred Stock, Series V Yield Pushes Past 7.5%

In trading on Thursday, shares of PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V ( PSB.PRV) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $18.75 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.PRV was trading at a 23.04% 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.PRV shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRV, showing historical dividend payments on PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V :

PSB.PRV+Dividend+History+Chart

In Thursday trading, PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V ( PSB.PRV) is currently off about 2.5% on the day, while the common shares ( PSB) are trading flat.

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