Allstate Returns Cash to Shareholders through Dividends

The Allstate Corporation (NYSE: ALL) announced the board's approval of common and preferred 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

11/18/2020 - 04:09 PM EST

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved common and preferred quarterly dividends.

“Allstate’s continued financial strength and strong income generation support our ongoing commitment of returning cash to our shareholders,” said Mario Rizzo, Allstate’s Chief Financial Officer.

Common Stock Dividends

Allstate declared a quarterly dividend of 54 cents on each outstanding share of the corporation's common stock, payable in cash on Jan. 4, 2021, to stockholders of record at the close of business on Nov. 30, 2020.

Preferred Stock Dividends

Allstate also declared approximately $26.3 million in aggregate dividends on three series of preferred stock for the dividend period from Oct. 15, 2020, through Jan. 14, 2021. All the preferred dividends are payable in cash on Jan. 15, 2021, to stockholders of record at the close of business on Dec. 31, 2020, as follows: