Allstate Announces Increase to Common Shareholder Dividend

Rhea-AI Summary

The Allstate Corporation (NYSE: ALL) has declared a quarterly dividend of $0.85 per common share, reflecting a 4.9% increase from the previous quarter. This dividend will be payable on April 1, 2022, to shareholders on record as of February 28, 2022. Additionally, Allstate announced approximately $26.3 million in preferred dividends, payable on April 15, 2022. Over the past five years, Allstate has returned more than $13.7 billion to its shareholders, showcasing its commitment to provide significant cash returns while executing its $5 billion share repurchase program.

Positive

• Quarterly dividend increased by 4.9% to $0.85 per share.
• Commitment to return capital to shareholders, with over $13.7 billion returned in the last five years.
• Continued execution of a $5 billion share repurchase program.

Negative

• None.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.85 per outstanding common share, which is an increase of $0.04, or 4.9%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends.

“Allstate continues to provide excellent cash returns to shareholders while simultaneously advancing our strategic priorities for the business. A higher dividend and the continued execution of the $5 billion share repurchase program previously authorized by our board demonstrate Allstate’s ongoing commitment to return capital to shareholders,” said Mario Rizzo, Allstate’s Chief Financial Officer. “Over the past five years, Allstate has returned more than $13.7 billion to shareholders.”

Common Stock Dividends

Allstate declared a quarterly dividend of $0.85 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2022, to stockholders of record at the close of business on Feb. 28, 2022.

Preferred Stock Dividends

Allstate also declared approximately $26.3 million in aggregate dividends on three series of preferred stock for the dividend period from Jan. 15, 2022, through April 14, 2022. All the preferred dividends are payable in cash on April 15, 2022, to stockholders of record at the close of business on March 31, 2022, 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

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005401/en/

Al Scott

(847) 402-5600

Source: The Allstate Corporation

FAQ

What is the new dividend amount for Allstate (NYSE: ALL)?

The new quarterly dividend amount is $0.85 per common share.

When will Allstate's dividend be paid?

The dividend will be paid on April 1, 2022.

What was the percentage increase in Allstate's dividend?

The dividend increased by 4.9% compared to the last quarter.

How much has Allstate returned to shareholders over the past five years?

Allstate has returned more than $13.7 billion to shareholders over the past five years.

What is the status of Allstate's share repurchase program?

Allstate is continuing its $5 billion share repurchase program.