Public Storage's Preferred Series F Shares Cross 6.5% Yield Mark

In trading on Thursday, shares of Public Storage's 5.15% Dep Shares Cumulative Preferred Shares Series F (Symbol: PSA.PRF) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2876), with shares changing hands as low as $19.73 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRF was trading at a 20.68% discount to its liquidation preference amount, versus the average discount of 14.42% in the "Real Estate" category.

The chart below shows the one year performance of PSA.PRF shares, versus PSA:

Below is a dividend history chart for PSA.PRF, showing historical dividend payments on Public Storage's 5.15% Dep Shares Cumulative Preferred Shares Series F:

In Thursday trading, Public Storage's 5.15% Dep Shares Cumulative Preferred Shares Series F (Symbol: PSA.PRF) is currently down about 0.3% on the day, while the common shares (Symbol: PSA) are up about 1.3%.