Public Storage's Preferred Share Series P Cross 6.5% Yield Mark

Public Storage’s 4.00% Series P cumulative preferred (PSA.PRP) was trading to an indicated yield above 6.5%, based on an annualized dividend of $1.00. Shares changed hands as low as $15.36 during the session, suggesting price movement consistent with the higher yield—though no earnings, guidance, or credit event was cited.

Analysis

Public Storage’s 4.00% Series P cumulative preferred (PSA.PRP) was trading to an indicated yield above 6.5%, based on an annualized dividend of $1.00. Shares changed hands as low as $15.36 during the session, suggesting price movement consistent with the higher yield—though no earnings, guidance, or credit event was cited.