Allstate Returns Cash to Shareholders through Dividends

The Allstate Corporation (NYSE: ALL) has announced the approval of its quarterly dividends by the board of directors.

(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

05/25/2021 - 11:10 AM

The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved common and preferred quarterly dividends.

“Allstate’s financial strength continues to create value for investors, and our quarterly common stock dividend reflects continued confidence in our future earnings potential,” said Mario Rizzo, Allstate’s Chief Financial Officer.

Common Stock Dividends

Allstate declared a quarterly dividend of 81 cents on each outstanding share of the corporation's common stock, payable in cash on July 1, 2021, to stockholders of record at the close of business on June 4, 2021.

Preferred Stock Dividends

Allstate also declared approximately $26.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2021, through July 14, 2021. All the preferred dividends are payable in cash on July 15, 2021, to stockholders of record at the close of business on June 30, 2021, as follows:

Series	Annual Dividend Rate	Quarterly Amount Per Depositary Share
Series G	5.625%	$0.3515625
Series H	5.100%	$0.3187500
Series I	4.750%	$0.2968750