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| Allstate's Preferred Stock, Series H Crosses Above 6% Yield TerritoryBy Preferred Stock Channel Staff, Monday, November 21, 2:26 PM ET
In trading on Monday, 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 $21.17 on the day. This compares to an average yield of 6.13% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRH was trading at a 14.76% discount to its liquidation preference amount, versus the average discount of 10.45% 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: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, Allstate Corp's 5.10% Noncumulative Perpetual Preferred Stock, Series H (NYSE:ALL.PRH) is currently up about 0.1% on the day, while the common shares (NYSE:ALL) are up about 0.9%.
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