On 3/13/17, 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 3/30/17. As a percentage of PSA.PRW's recent share price of $24.40, this dividend works out to approximately 1.33%, so look for shares of PSA.PRW to trade 1.33% lower — all else being equal — when PSA.PRW shares open for trading on 3/13/17. On an annualized basis, the current yield is approximately 5.27%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, PSA.PRW was trading at a 1.20% discount to its liquidation preference amount, versus the average premium of 1.41% 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 11.38% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Thursday. In Thursday trading, Public Storage's 5.20% Cumulative Preferred Share of Beneficial Interest, Series W ( PSA.PRW) is currently off about 1.2% on the day, while the common shares ( PSA - Get Report) are up about 0.2%.
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