PS Business Parks Cumulative Preferred Stock, Series S Goes Ex-Dividend Soon

On 6/10/13, PS Business Parks, Inc's 6.45% Cumulative Preferred Stock, Series S (NYSE: PSB.PRS) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 6/27/13. As a percentage of PSB.PRS's recent share price of $25.69, this dividend works out to approximately 1.57%, so look for shares of PSB.PRS to trade 1.57% lower -- all else being equal -- when PSB.PRS shares open for trading on 6/10/13. On an annualized basis, the current yield is approximately 6.31%, which compares to an ...