Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 Ex-Dividend Reminder - 9/30/21

By Preferred Stock Channel Staff, Tuesday, September 28, 1:31 PM ET

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On 9/30/21, Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (NYSE:ALL.PRB) will trade ex-dividend, for its quarterly dividend of $0.3187, payable on 10/15/21. As a percentage of ALL.PRB's recent share price of $26.82, this dividend works out to approximately 1.19%, so look for shares of ALL.PRB to trade 1.19% lower — all else being equal — when ALL.PRB shares open for trading on 9/30/21. On an annualized basis, the current yield is approximately 4.71%, which compares to an average yield of 5.30% in the "Financial" preferred stock category, according to Preferred Stock Channel.

As of last close, ALL.PRB was trading at a 8.20% premium to its liquidation preference amount, versus the average premium of 6.51% in the "Financial" category. The chart below shows the one year performance of ALL.PRB shares, versus ALL:

Performance Comparison Chart

Below is a dividend history chart for ALL.PRB, showing historical dividends prior to the most recent $0.3187 on Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053:

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In Tuesday trading, Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (NYSE:ALL.PRB) is currently off about 0.8% on the day, while the common shares (NYSE:ALL) are off about 1.8%.

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Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 Ex-Dividend Reminder - 9/30/21

Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 Ex-Dividend Reminder - 9/30/21 | www.PreferredStockChannel.com