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.

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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:

Performance Comparison Chart

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:

PSA.PRW+Dividend+History+Chart

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%.