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On 6/12/24, Public Storage's 4.00% Dep Shares Cumulative Preferred Share Series P (Symbol: PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 6/27/24. As a percentage of PSA.PRP's recent share price of $18.26, this dividend works out to approximately 1.37%, so look for shares of PSA.PRP to trade 1.37% lower — all else being equal — when PSA.PRP shares open for trading on 6/12/24. On an annualized basis, the current yield is approximately 5.43%, which compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of PSA.PRP shares, versus PSA:

Below is a dividend history chart for PSA.PRP, showing historical dividends prior to the most recent $0.25 on Public Storage's 4.00% Dep Shares Cumulative Preferred Share Series P:

In Monday trading, Public Storage's 4.00% Dep Shares Cumulative Preferred Share Series P (Symbol: PSA.PRP) is currently off about 0.9% on the day, while the common shares (Symbol: PSA) are down about 0.2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.