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Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 Goes Ex-Dividend Soon

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On 12/28/18, Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (Symbol: ALL.PRB) will trade ex-dividend, for its quarterly dividend of $0.3187, payable on 1/15/19. As a percentage of ALL.PRB's recent share price of $23.81, this dividend works out to approximately 1.34%, so look for shares of ALL.PRB to trade 1.34% lower - all else being equal - when ALL.PRB shares open for trading on 12/28/18. On an annualized basis, the current yield is approximately 5.42%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ALL.PRB shares, versus ALL:

Performance Comparison Chart

Below is a dividend history chart for ALL.PRB, showing historical dividends prior to the most recent $0.3187 on Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053:

ALL.PRB+Dividend+History+Chart

In Wednesday trading, Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (Symbol: ALL.PRB) is currently up about 1.3% on the day, while the common shares (Symbol: ALL) are up about 1.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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