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.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

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%.

More from Stocks

Barrick Gold and Randgold Resources in Advance Merger Talks: Reports

Barrick Gold and Randgold Resources in Advance Merger Talks: Reports

How Investors Can Profit by Focusing on This One Key Business Statistic

How Investors Can Profit by Focusing on This One Key Business Statistic

The Easy Money in Amazon Stock Has Been Made

The Easy Money in Amazon Stock Has Been Made

Is the Cannabis Crazy Equivalent to the Dot Com Bubble?

Is the Cannabis Crazy Equivalent to the Dot Com Bubble?

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock

Get a Juicy 8%+ Dividend Yield With Solid Income Streams All in One Stock