In trading on Tuesday, shares of Public Storage’s 3.875% Dep Shares Cumulative Preferred Share Series N (Symbol: PSA.PRN) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.9688), with shares changing hands as low as $17.56 on the day. This compares to an average yield of 8.50% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRN was trading at a 29.44% discount to its liquidation preference amount, versus the average discount of 21.02% in the “Real Estate” category.
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
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