Allstate Announces Quarterly Dividends

Rhea-AI Summary

The Allstate Corporation (NYSE: ALL) has declared a quarterly dividend of $0.89, reflecting a 4.7% increase from the previous quarter. This increase highlights Allstate's commitment to delivering cash returns to shareholders amidst continued financial strength. The dividend is payable on April 3, 2023, to stockholders of record by Feb. 28, 2023. Furthermore, Allstate announced a total of approximately $26.3 million in preferred dividends, payable on April 17, 2023. Over the past five years, Allstate has returned more than $15.5 billion to its shareholders.

Positive

• Quarterly dividend increased by 4.7% to $0.89.
• Commitment to returning capital to shareholders.
• Allstate has returned over $15.5 billion to shareholders in the last five years.

Negative

• None.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.89, which is an increase of $0.04, or 4.7%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends.

“Allstate continues to provide excellent cash returns for our shareholders. The increase in our dividend this quarter demonstrates our commitment to returning capital to our shareholders, and is a sign of Allstate’s continued financial strength,” said Jess Merten, Allstate’s Chief Financial Officer. “Over the past five years, Allstate has returned more than $15.5 billion to shareholders while continuing to invest in the future.”

Common Stock Dividends

Allstate declared a quarterly dividend of $0.89 cents on each outstanding share of the corporation's common stock, payable in cash on April 3, 2023, to stockholders of record at the close of business on Feb. 28, 2023.

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, 2023, through April 14, 2023. All the preferred dividends are payable in cash on April 17, 2023, to stockholders of record at the close of business on March 31, 2023, 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/20230217005341/en/

Al Scott

(847) 402-5600

Source: The Allstate Corporation

FAQ

What is the dividend amount announced by Allstate?

Allstate announced a quarterly dividend of $0.89 per share.

When will the Allstate dividend be paid?

The dividend will be paid on April 3, 2023.

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

Allstate has returned more than $15.5 billion to shareholders in the last five years.

What is the payout date for preferred dividends by Allstate?

Preferred dividends will be payable on April 17, 2023.

How much are the preferred dividends declared by Allstate?

Allstate declared approximately $26.3 million in preferred dividends.