In trading on Tuesday, shares of Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (PL.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5312), with shares changing hands as low as $25.51 on the day. This compares to an average yield of 5.61% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, PL.PRB was trading at a 2.36% premium to its liquidation preference amount, versus the average premium of 0.18% in the "Financial" category.
The chart below shows the one year performance of PL.PRB shares, versus PL:
Below is a dividend history chart for PL.PRB, showing historical dividend payments on Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities: