Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F Shares Cross 6% Yield Mark

In trading on Monday, shares of Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (ALL.PRF) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $25.85 on the day. This compares to an average yield of 5.77% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRF was trading at a 5.08% premium to its liquidation preference amount, versus the average premium of 0.19% 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.

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

Performance Comparison Chart

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

ALL.PRF+Dividend+History+Chart

In Monday trading, Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F ( ALL.PRF) is currently up about 0.5% on the day, while the common shares ( ALL) are up about 0.3%.

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