Cash Dividend On The Way From Public Storage's Cumulative Preferred Share of Beneficial Interest, Series P

On 6/10/13, Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P (NYSE: PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/27/13. As a percentage of PSA.PRP's recent share price of $26.00, this dividend works out to approximately 1.56%, so look for shares of PSA.PRP to trade 1.56% lower -- all else being equal -- when PSA.PRP shares open for trading on 6/10/13. On an annualized basis, the current yield is approximately 6.22%, which c...