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Allstate's Preferred Stock, Series F Yield Pushes Past 6%

By Ru Back Packer Staff, Thursday, January 18, 2:52 PM ET
Play Video: The Importance of Dividends


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In trading on Thursday, shares of Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (NYSE:ALL.PRF) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $26.02 on the day. This compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Ru Back Packer. As of last close, ALL.PRF was trading at a 4.68% premium to its liquidation preference amount, versus the average premium of 4.96% 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.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:


In Thursday trading, Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock, Series F (NYSE:ALL.PRF) is currently off about 0.3% on the day, while the common shares (NYSE:ALL) are down about 0.4%.


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