On 3/13/17, Public Storage's 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y (PSA.PRY) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 3/30/17. As a percentage of PSA.PRY's recent share price of $26.50, this dividend works out to approximately 1.50%, so look for shares of PSA.PRY to trade 1.50% lower — all else being equal — when PSA.PRY shares open for trading on 3/13/17. On an annualized basis, the current yield is approximately 5.96%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, PSA.PRY was trading at a 6.96% premium 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.PRY shares, versus PSA:

Performance Comparison Chart

Below is a dividend history chart for PSA.PRY, showing historical dividends prior to the most recent $0.3984 on Public Storage's 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y :

PSA.PRY+Dividend+History+Chart

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 6.375% Cumulative Preferred Share of Beneficial Interest, Series Y ( PSA.PRY) is currently off about 0.9% on the day, while the common shares ( PSA - Get Report) are trading flat.