Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K Crosses Above 7% Yield Territory

In trading on Monday, shares of Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K (Symbol: PSA.PRK) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $16.89 on the day. This compares to an average yield of 8.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PSA.PRK was trading at a 32.00% discount to its liquidation preference amount, versus the average discount of 16.39% in the "Real Estate" category. Below is a dividend history chart for PSA.PRK, showing historical dividend payments on Public Storage's 4.