On 12/11/15, Public Storage's 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y (PSA.PRY) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 12/30/15. As a percentage of PSA.PRY's recent share price of $27.58, this dividend works out to approximately 1.44%, so look for shares of PSA.PRY to trade 1.44% lower — all else being equal — when PSA.PRY shares open for trading on 12/11/15. On an annualized basis, the current yield is approximately 5.75%, which compares to an average yield of 7.20% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, PSA.PRY was trading at a 10.84% premium to its liquidation preference amount, versus the average premium of 0.35% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRY shares, versus PSA: Below is a dividend history chart for PSA.PRY, showing historical dividends prior to the most recent $0.3984 on Public Storage's 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y : According to the ETF Finder at ETF Channel, Public Storage ( PSA - Get Report) makes up 12.82% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Wednesday. In Wednesday trading, Public Storage's 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y ( PSA.PRY) is currently off about 0.5% on the day, while the common shares ( PSA - Get Report) are trading flat.
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