Allstate Fixed Rate Noncumulative Perpetual Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Friday, shares of Allstate Corp.'s Fixed Rate Noncumulative Perpetual Preferred Stock (NYSE: ALL.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.48 on the day. This compares to an average yield of 5.51% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ALL.PRD was trading at a 3.72% premium to its liquidation preference amount, versus the avera...