Allstate Announces Quarterly Dividends

(Low)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

dividends

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

02/23/2024 - 10:12 AM

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) announced that its board of directors approved a quarterly dividend of $0.92 on Feb. 22, 2024, which is an increase of $0.03, or 3.4%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends.

“Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength,” said Jess Merten, Allstate’s Chief Financial Officer.

Common Stock Dividends

Allstate declared a quarterly dividend of $0.92 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2024, to stockholders of record at the close of business on March 4, 2024.

Preferred Stock Dividends

Allstate also declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from Jan. 15, 2024, through April 14, 2024. All the preferred dividends are payable in cash on April 15, 2024, to stockholders of record at the close of business on March 28, 2024, as follows:

Series	Annual Dividend Rate	Quarterly Amount Per Depositary Share
Series H	5.100%	$0.3187500
Series I	4.750%	$0.2968750
Series J	7.375%	$0.4609375