“`html
On Tuesday, shares of Public Storage’s 3.950% Dep Shares Cumulative Preferred Share Series Q (Symbol: PSA.PRQ) yielded above 6% based on its quarterly dividend, trading as low as $16.40. The annualized dividend is $0.9876. In comparison, the average yield in the “Real Estate” preferred stock category is 7.57%.
As of the last close, PSA.PRQ was trading at a 33.32% discount to its liquidation preference amount, significantly higher than the average discount of 14.84% in the same category. On the trading day, PSA.PRQ was down about 1.6%, while the common shares (Symbol: PSA) decreased by approximately 1%.
“`
