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: In Tuesday trading, Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities ( PL.PRB) is currently up about 0.2% on the day, while the common shares ( PL) are up about 0.2%.
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