On 12/12/16, Public Storage's 5.20% Cumulative Preferred Share of Beneficial Interest, Series W (PSA.PRW) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 12/29/16. As a percentage of PSA.PRW's recent share price of $23.44, this dividend works out to approximately 1.39%, so look for shares of PSA.PRW to trade 1.39% lower — all else being equal — when PSA.PRW shares open for trading on 12/12/16. On an annualized basis, the current yield is approximately 5.56%, which compares to an average yield of 7.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, PSA.PRW was trading at a 6.44% discount to its liquidation preference amount, versus the average premium of 0.32% in the "Real Estate" category. The chart below shows the one year performance of PSA.PRW shares, versus PSA: Below is a dividend history chart for PSA.PRW, showing historical dividends prior to the most recent $0.325 on Public Storage's 5.20% Cumulative Preferred Share of Beneficial Interest, Series W: According to the ETF Finder at ETF Channel, Public Storage ( PSA - Get Report) makes up 13.67% of the iShares Residential Real Estate Capped ETF (REZ) which is trading up by about 0.6% on the day Thursday. In Thursday trading, Public Storage's 5.20% Cumulative Preferred Share of Beneficial Interest, Series W ( PSA.PRW) is currently up about 0.2% on the day, while the common shares ( PSA - Get Report) are up about 0.1%.
More from Stocks
Cedar Fair Stockholders Enjoy Riding the 'Golden Cross'
Shares of the amusement park operator still look bullish. Here's how to trade it.
3 Earnings Reports Will Be Key for the Market Next Week
There is a good foundation for more positive action in the week ahead.
Stocks Finish Lower, Pulled Down by Boeing, Johnson & Johnson, Weak China Growth
Stocks declined as Boeing and Johnson & Johnson pulled shares down, while China posted its weakest quarterly economic growth rate in nearly three decades, returning investors' attention to the trade talks between Washington and Beijing.
Are Stock Investors Overreacting to China's GDP Lag? One Big Investor Thinks So
Stock investors should take a finer look at China's economy, UBS thinks.