PS Business Parks Cumulative Preferred Stock, Series T Shares Cross 6% Yield Mark

In trading on Monday, shares of PS Business Parks, Inc's 6.00% Cumulative Preferred Stock, Series T (NYSE: PSB.PRT) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.79 on the day. This compares to an average yield of 6.32% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSB.PRT was trading at a 0.68% premium to its liquidation preference amount, versus the average...