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| Allstate Corp's 4.750% Noncumulative Perpetual Preferred Stock, Series I Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Monday, September 26, 2:09 PM ET
In trading on Monday, shares of Allstate Corp's 4.750% Noncumulative Perpetual Preferred Stock, Series I (NYSE:ALL.PRI) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $19.65 on the day. This compares to an average yield of 6.05% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRI was trading at a 20.40% discount to its liquidation preference amount, versus the average discount of 10.67% 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. The chart below shows the one year performance of ALL.PRI shares, versus ALL:
Below is a dividend history chart for ALL.PRI, showing historical dividend payments on Allstate Corp's 4.750% Noncumulative Perpetual Preferred Stock, Series I :
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, Allstate Corp's 4.750% Noncumulative Perpetual Preferred Stock, Series I (NYSE:ALL.PRI) is currently off about 0.9% on the day, while the common shares (NYSE:ALL) are trading flat.
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