PS Business Parks, Inc. (NYSE:PSB) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 1.05 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 3.39 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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PS Business Parks, Inc. recently reported second quarter financial results on August 4, 2020, after market close, the Glendale based company unfold income for the second quarter of $ 1.59 per share, from the revenue of $ 100.56 million. The quarterly earnings surged 93.90 percent while revenues down 6.70 percent compared with the same quarter last year.
According to street consensus, PSB was expected to report 2Q20 income of $ 0.57 per share from revenue of $ 102.35 million. The bottom line results beat street analysts by $ 1.02 or 178.95 percent, at the same time, top line results fell short of analysts by $ 1.79 million or 1.75 percent.
Stock Performance
Shares of PS Business Parks, Inc. traded low $ -0.08 or -0.06 percent on Thursday, reaching $ 123.73 with volume of 144.50 thousand shares. PS Business Parks, Inc. has traded high as $ 124.53 and has cracked $ 122.31 on the downward trend
According to the previous trading day, closing price of $ 123.73, representing a 20.81 % increase from the 52 week low of $ 102.48 and a 35.56 % decrease over the 52 week high of $ 192.13.
The company has a market capital of $ 3.40 billion and is part of the Real Estate sector and REIT – Diversified industry.
PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of April 30, 2019, the Company wholly owned 28.3 million rentable square feet with approximately 5,100 commercial customers in six states and held a 95.0% interest in a 395-unit apartment complex.
