Ex-Div Reminder for Public Storage's Cumulative Preferred Share of Beneficial Interest, Series P

On 12/11/14, 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 12/30/14. As a percentage of PSA.PRP's recent share price of $26.37, this dividend works out to approximately 1.54%, so look for shares of PSA.PRP to trade 1.54% lower — all else being equal — when PSA.PRP shares open for trading on 12/11/14. On an annualized basis, the current yield is approximately 6.11%, wh...