On 6/11/15, Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P (PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/30/15. As a percentage of PSA.PRP's recent share price of $25.72, this dividend works out to approximately 1.58%, so look for shares of PSA.PRP to trade 1.58% lower — all else being equal — when PSA.PRP shares open for trading on 6/11/15. On an annualized basis, the current yield is approximately 6.33%, which compares to an average yield of 7.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, PSA.PRP was trading at a 2.68% premium to its liquidation preference amount, versus the average premium of 2.75% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRP shares, versus PSA: Below is a dividend history chart for PSA.PRP, showing historical dividends prior to the most recent $0.4062 on Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P: According to the ETF Finder at ETF Channel, Public Storage ( PSA) makes up 10.03% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Tuesday. In Tuesday trading, Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P ( PSA.PRP) is currently up about 0.2% on the day, while the common shares ( PSA) are trading flat.