PS Business Parks Cumulative Preferred Stock, Series S About To Put More Money In Your Pocket

On 9/11/13, 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 9/30/13. As a percentage of PSB.PRS's recent share price of $22.95, this dividend works out to approximately 1.76%, so look for shares of PSB.PRS to trade 1.76% lower -- all else being equal -- when PSB.PRS shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 7.03%, which compares to an ...