Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series E Shares Cross 6.5% Yield Mark

In trading on Friday, shares of Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series E (ALL.PRE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.46 on the day. This compares to an average yield of 5.51% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRE was trading at a 3.68% premium to its liquidation preference amount, versus the average discount of 0.49% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of ALL.PRE shares, versus ALL:

Performance Comparison Chart

Below is a dividend history chart for ALL.PRE, showing historical dividend payments on Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series E :

ALL.PRE+Dividend+History+Chart

In Friday trading, Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series E ( ALL.PRE) is currently off about 0.1% on the day, while the common shares ( ALL) are trading flat.

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