In trading on Monday, shares of Public Storage’s 4.0% Depositary Shares Cumulative Preferred Shares Ser R (Symbol: PSA.PRR) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $15.36 on the day. This compares to an average yield of 8.05% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRR was trading at a 38.40% discount to its liquidation preference amount, versus the average discount of 14.11% in the “Real Estate” category.
The chart below shows the one year performance of PSA.PRR shares, versus PSA:
Below is a dividend history chart for PSA.PRR, showing historical dividend payments on Public Storage’s 4.0% Depositary Shares Cumulative Preferred Shares Ser R:
In Monday trading, Public Storage’s 4.0% Depositary Shares Cumulative Preferred Shares Ser R (Symbol: PSA.PRR) is currently down about 0.2% on the day, while the common shares (Symbol: PSA) are up about 0.7%.
