Public Storage's Preferred Stock, Series X Yield Pushes Past 5%

In trading on Tuesday, shares of Public Storage's 6.450% Cumulative Preferred Stock, Series X (NYSE: PSA.PRX) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.30), with shares changing hands as low as $25.99 on the day. This compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, PSA.PRX was trading at a 4.68% premium to its liquidation preference amount, versus the average premi...