ALL.PRH

Allstate's Preferred Stock, Series H Shares Cross 6% Yield Mark

In trading on Tuesday, shares of Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H (Symbol: ALL.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.275), with shares changing hands as low as $21.15 on the day. This compares to an average yield of 7.09% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRH was trading at a 13.92% discount to its liquidation preference amount, versus the average discount of 14.33% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

Performance Comparison Chart

Below is a dividend history chart for ALL.PRH, showing historical dividend payments on Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H:

ALL.PRH+Dividend+History+Chart

In Tuesday trading, Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H (Symbol: ALL.PRH) is currently down about 1.7% on the day, while the common shares (Symbol: ALL) are up about 0.3%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• NK Historical Stock Prices
• Funds Holding ALUR
• ARYA shares outstanding history

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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