Shares of Allstate Corp’s 4.750% Noncumulative Perpetual Preferred Stock, Series I (ALL.PRI) were yielding above 5.5% with a quarterly dividend of $1.1875. The stock traded as low as $21.41, a 13.40% discount to its liquidation preference amount. The shares are not cumulative, so missed dividends are not paid back. The chart below shows the one-year performance of ALL.PRI shares compared to common shares (ALL). In Thursday trading, ALL.PRI remained flat while ALL common shares were up 0.4%.

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Read more at Nasdaq: Allstate’s Preferred Stock, Series I Crosses Above 5.5% Yield Territory