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