Cash Dividend On The Way From PS Business Parks Cumulative Preferred Stock, Series S

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.

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As of last close, PSB.PRS was trading at a 1.20% premium to its liquidation preference amount, versus the average premium of 0.87% in the "Real Estate" category. The chart below shows the one year performance of PSB.PRS shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRS, showing historical dividends prior to the most recent $0.4031 on PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S :

PSB.PRS+Dividend+History+Chart

In Monday trading, PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S ( PSB.PRS) is currently trading flat on the day, while the common shares ( PSB) are down about 0.3%.

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