PSA's stock took a bath yesterday because they cut their yearly dividend in half from $1.40 to $.70. Yahoo shows Joe O has 41,000 shares, so that cost him about $385,000 yesterday in losses at $9.37 a share and will cost him about $28,000 in dividend losses per year. Sounds like some savvy business decisions PSA's CEO is making.....wait, who is that?
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