Public Storage's Preferred Shares, Series J Crosses Above 6.5% Yield Territory

Public Storage's Series J preferred shares were yielding above 6.5% based on the quarterly dividend annualized to $1.1752, with shares trading as low as $18.07. The note is largely a factual yield update on a preferred issue rather than a broader catalyst, so near-term market impact appears limited.

Analysis

Public Storage's Series J preferred shares were yielding above 6.5% based on the quarterly dividend annualized to $1.1752, with shares trading as low as $18.07. The note is largely a factual yield update on a preferred issue rather than a broader catalyst, so near-term market impact appears limited.