Public Storage's Preferred Series R Shares Cross 7% Yield Mark

In trading on Wednesday, shares of Public Storage's 6.35% Cumulative Preferred Share of Beneficial Interest, Series R (PSA.PRR) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5875), with shares changing hands as low as $22.66 on the day. This compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRR was trading at a 8.64% discount to its liquidation preference amount, versus the average discount of 7.03% in the "Real Estate" category.

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The chart below shows the one year performance of PSA.PRR shares, versus PSA:

Performance Comparison Chart

Below is a dividend history chart for PSA.PRR, showing historical dividend payments on Public Storage's 6.35% Cumulative Preferred Share of Beneficial Interest, Series R:

PSA.PRR+Dividend+History+Chart

In Wednesday trading, Public Storage's 6.35% Cumulative Preferred Share of Beneficial Interest, Series R ( PSA.PRR) is currently up about 0.1% on the day, while the common shares ( PSA) are up about 1.3%.

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