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Public Storage's 4.75% Depositary Shares Cumulative Preferred Shares, Series K Crosses Above 7% Yield Territory
Source: Nasdaq
Capital Returns (Dividends / Buybacks)Interest Rates & YieldsHousing & Real Estate
Public Storage's 4.75% Series K cumulative preferred depositary shares (PSA.PRK) traded as low as $16.89 on Monday, lifting their annualized $1.1875 dividend yield above 7%. The move reflects a higher income yield for the preferred security, with limited broader market significance.
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