PreferredStockChannel
Allstate's Preferred Stock, Series H Crosses Above 6% Yield TerritoryBy Preferred Stock Channel Staff, Thursday, July 6, 8:00 PM ETIn trading on Thursday, shares of Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H (NYSE:ALL.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.275), with shares changing hands as low as $21.12 on the day. This compares to an average yield of 6.88% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRH was trading at a 13.44% discount to its liquidation preference amount, versus the average discount of 14.00% 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.PRH shares, versus ALL:
Below is a dividend history chart for ALL.PRH, showing historical dividend payments on Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H (NYSE:ALL.PRH) is currently off about 2.2% on the day, while the common shares (NYSE:ALL) are off about 1.3%.
This Article's Word Cloud:
Allstate
Arial
Below
Channel
Corp
Dividend
Financial
Investors
Juicy
More
NYSE
Newsletter
Noncumulative
Offer
Perpetual
Preferred
Premium
Receive
Series
Special
Start
Stock
Stocks
This
Thursday
Where
Yields
about
above
according
afterLeftLabels
afternoon
amount
annualized
average
axisColor
category
chart
common
discount
dividend
escape
fillColor
missed
preferred
shares
that
trading
versus
with
|
Start slideshow:Allstate's Preferred Stock, Series H Crosses Above 6% Yield Territory | www.PreferredStockChannel.com
Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.