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Reminder: Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F Goes Ex-Dividend Soon

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On 6/28/17, Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (Symbol: ALL.PRF) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 7/17/17. As a percentage of ALL.PRF's recent share price of $27.35, this dividend works out to approximately 1.43%, so look for shares of ALL.PRF to trade 1.43% lower - all else being equal - when ALL.PRF shares open for trading on 6/28/17. On an annualized basis, the current yield is approximately 5.68%, which compares to an average yield of 5.49% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ALL.PRF shares, versus ALL:

Performance Comparison Chart

Below is a dividend history chart for ALL.PRF, showing historical dividends prior to the most recent $0.3906 on Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F:

ALL.PRF+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Allstate Corp. (Symbol: ALL) makes up 5.15% of the iShares U.S. Insurance ETF ( IAK ) which is trading higher by about 0.6% on the day Monday.

In Monday trading, Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (Symbol: ALL.PRF) is currently down about 0.5% on the day, while the common shares (Symbol: ALL) are up about 0.3%.

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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