PS Business Parks’ Preferred Stock, Series Y Shares Cross 5% Yield Mark

In trading on Monday, shares of PS Business Parks Inc’s 5.20% Cumulative Preferred Stock, Series Y (Symbol: PSB.PRY) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $25.95 on the day. This compares to an average yield of 6.10% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRY was trading at a 4.36% premium to its liquidation preference amount, versus the average premium of 4.68% in the “Real Estate” category.

Below is a dividend history chart for PSB.PRY, showing historical dividend payments on PS Business Parks Inc’s 5.20% Cumulative Preferred Stock, Series Y:

In Monday trading, PS Business Parks Inc’s 5.20% Cumulative Preferred Stock, Series Y (Symbol: PSB.PRY) is currently down about 0.5% on the day, while the common shares (Symbol: PSB) are down about 0.1%.

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