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| Cash Dividend On The Way From Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053By Preferred Stock Channel Staff, Monday, June 28, 4:04 PM ET
On 6/30/21, 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 7/15/21. As a percentage of ALL.PRB's recent share price of $26.71, 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 6/30/21. On an annualized basis, the current yield is approximately 4.77%, which compares to an average yield of 5.29% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRB was trading at a 6.84% premium to its liquidation preference amount, versus the average premium of 7.20% in the "Financial" category. The chart below shows the one year performance of ALL.PRB shares, versus ALL:
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: Free Report: Top 7%+ Dividends (paid monthly)
In Monday trading, Allstate Corp's 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (NYSE:ALL.PRB) is currently trading flat on the day, while the common shares (NYSE:ALL) are off about 1%.
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