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.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: 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%.