Public Storage's Preferred Series G Shares Cross 7% Yield Mark

Public Storage's 5.05% Series G cumulative preferred shares (PSA.PRG) traded as low as $17.90 on Thursday, pushing the yield above 7% based on the $1.2625 annualized dividend. The item is a market-data update on the preferred security's income yield and does not indicate a change in company fundamentals or guidance.