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Allstate's Preferred Stock Crosses Above 6.5% Yield Territory

In trading on Thursday, shares of Allstate Corp's Fixed Rate Noncumulative Perpetual Preferred Stock (Symbol: ALL.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.32 on the day. This compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, ALL.PRD was trading at a 2.16% premium to its liquidation preference amount, versus the average discount of 4.43% in the "Financial" category.

The chart below shows the one year performance of ALL.PRD shares, versus ALL:

Performance Comparison Chart

Below is a dividend history chart for ALL.PRD, showing historical dividend payments on Allstate Corp's Fixed Rate Noncumulative Perpetual Preferred Stock:

ALL.PRD+Dividend+History+Chart

In Thursday trading, Allstate Corp's Fixed Rate Noncumulative Perpetual Preferred Stock (Symbol: ALL.PRD) is currently down about 0.9% on the day, while the common shares (Symbol: ALL) are down about 1.4%.

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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