Allstate Announces Preferred Dividends

Rhea-AI Summary

Allstate has announced an aggregate of $29.3 million in preferred dividends for the period from April 15, 2024, to July 14, 2024.

The dividends, payable in cash on July 15, 2024, will be distributed to stockholders of record as of June 28, 2024.

Details include a quarterly amount per depositary share of $0.3187500 for Series H at a 5.100% annual dividend rate, $0.2968750 for Series I at a 4.750% annual dividend rate, and $0.4609375 for Series J at a 7.375% annual dividend rate.

Positive

• Allstate declared $29.3 million in preferred dividends, indicating strong financial health.
• Cash dividends will be paid on July 15, 2024, providing immediate returns to shareholders.
• Series J offers a high annual dividend rate of 7.375%, attractive to investors.

Negative

• Dividend payments are confined to preferred stockholders, potentially limiting benefits to common shareholders.
• No information is provided about common stock dividends, possibly indicating a lack of dividends for common shareholders.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2024, through July 14, 2024. All the preferred dividends are payable in cash on July 15, 2024, to stockholders of record at the close of business on June 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

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/20240530773121/en/

Nick Nottoli

(847) 402-5600

Source: Allstate

FAQ

What is the total amount of preferred dividends declared by Allstate?

Allstate declared $29.3 million in preferred dividends for the period from April 15, 2024, to July 14, 2024.

When are Allstate's preferred dividends payable?

Allstate's preferred dividends are payable in cash on July 15, 2024.

What are the dividend rates for Allstate's preferred stock series?

Series H has a 5.100% annual dividend rate, Series I has a 4.750% annual dividend rate, and Series J has a 7.375% annual dividend rate.

Who is eligible to receive Allstate's preferred dividends?

Stockholders of record at the close of business on June 28, 2024, are eligible to receive the preferred dividends.

How much is the quarterly dividend amount per depositary share for Allstate's Series J?

The quarterly dividend amount per depositary share for Series J is $0.4609375.