This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities About To Put More Money In Your Pocket

On 12/24/13, Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (PL.PRB) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 12/30/13. As a percentage of PL.PRB's recent share price of $24.87, this dividend works out to approximately 1.54%, so look for shares of PL.PRB to trade 1.54% lower — all else being equal — when PL.PRB shares open for trading on 12/24/13. On an annualized basis, the current yield is approximately 6.22%, which compares to an average yield of 5.95% in the "Financial" preferred stock category, according to Preferred Stock Channel.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, PL.PRB was trading at a 1.60% discount to its liquidation preference amount. The chart below shows the one year performance of PL.PRB shares, versus PL:

Performance Comparison Chart

Below is a dividend history chart for PL.PRB, showing historical dividends prior to the most recent $0.3828 on Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities:


According to the ETF Finder at ETF Channel, Protective Life Corp. (PL) makes up 2.16% of the SPDR S&P Insurance ETF (KIE) which is trading up by about 0.8% on the day Friday.

In Friday trading, Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (PL.PRB) is currently up about 1.1% on the day, while the common shares (PL) are up about 1%.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs