Public Storage's Cumulative Preferred Share of Beneficial Interest, Series V Yield Pushes Past 6%

In trading on Friday, shares of Public Storage's 5.375% Cumulative Preferred Share of Beneficial Interest, Series V (NYSE: PSA.PRV) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3438), with shares changing hands as low as $22.29 on the day. This compares to an average yield of 6.58% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRV was trading at a 7.96% discount to its liquidation preference amount,...