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Allstate's Preferred Stock, Series F Yield Pushes Past 6%


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In trading on Thursday, shares of Allstate Corp.’s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (Symbol: ALL.PRF) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $26.02 on the day. This compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . As of last close, ALL.PRF was trading at a 4.68% premium to its liquidation preference amount, versus the average premium of 4.96% 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.PRF, showing historical dividend payments on Allstate Corp.’s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F: ALL.PRF+Dividend+History+Chart In Thursday trading, Allstate Corp.’s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (Symbol: ALL.PRF) is currently off about 0.3% on the day, while the common shares (Symbol: ALL) are down about 0.4%.

Click here to find out the 50 highest yielding preferreds »

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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