Public Storage's Preferred Series G Shares Cross 7% Yield Mark

In trading on Thursday, shares of Public Storage's 5.05% Cumulative Preferred Share of Beneficial Interest, Series G (Symbol: PSA.PRG) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.2625), with shares changing hands as low as $17.90 on the day. This compares to an average yield of 8.29% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSA.PRG was trading at a 27.16% discount to its liquidation preference amount, versus the average discount of 16.51% in the "Real Estate" category. Below is a dividend history chart for PSA.PRG, showing historical dividend payments on Public Storage's 5.