PS Business Parks's Preferred Stock, Series V Yield Pushes Past 6%

In trading on Monday, shares of PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V (PSB.PRV) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $23.59 on the day. This compares to an average yield of 7.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRV was trading at a 3.04% discount to its liquidation preference amount, versus the average premium of 0.14% in the "Real Estate" category.

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The chart below shows the one year performance of PSB.PRV shares, versus PSB:

Performance Comparison Chart

Below is a dividend history chart for PSB.PRV, showing historical dividend payments on PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V :

PSB.PRV+Dividend+History+Chart

In Monday trading, PS Business Parks, Inc's 5.70% Cumulative Preferred Stock, Series V ( PSB.PRV) is currently off about 0.7% on the day, while the common shares ( PSB) are down about 0.3%.

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