Ex-Div Reminder for Public Storage's Cumulative Preferred Share Series P
Nasdaq 2023-06-09 17:39:32 • 2 mins
On 6/13/23, Public Storage's 4.00% Dep Shares Cumulative Preferred Share Series P (Symbol: PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 6/29/23. As a percentage of PSA.PRP's recent share price of $19.29, this dividend works out to approximately 1.30%, so look for shares of PSA.PRP to trade 1.30% lower all else being equal when PSA.PRP shares open for trading on 6/13/23. On an annualized basis, the current yield is approximately 5.20%, which compares to an average yield of 8.18% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of PSA.PRP shares, versus PSA:
