In trading on Wednesday, shares of Public Storage's 6.450% Cumulative Preferred Stock, Series X (NYSE: PSA.PRX) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $23.54 on the day. This compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRX was trading at a 5.20% discount to its liquidation preference amount, versus the average premium of 3.28% in the "Real Estate" category.
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The chart below shows the one year performance of PSA.PRX shares, versus PSA:
Below is a dividend history chart for PSA.PRX, showing historical dividend payments on Public Storage's 6.450% Cumulative Preferred Stock, Series X :
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In Wednesday trading, Public Storage's 6.450% Cumulative Preferred Stock, Series X (NYSE: PSA.PRX) is currently up about 0.2% on the day, while the common shares (NYSE: PSA) are off about 0.9%.
