Allstate Returns Cash to Shareholders through Dividends

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Rhea-AI Summary

The Allstate Corporation (NYSE: ALL) announced the board's approval of common and preferred quarterly dividends. A quarterly dividend of 54 cents per share on common stock will be paid on January 4, 2021, to shareholders on record by November 30, 2020. Additionally, approximately $26.3 million is declared on three series of preferred stock, with payments scheduled for January 15, 2021. This decision reflects Allstate’s strong income generation and commitment to returning cash to its shareholders.

Positive

Quarterly dividend of 54 cents on common stock demonstrates commitment to shareholders.
Strong income generation supports ongoing cash returns to investors.
Total preferred stock dividends amounting to $26.3 million indicate financial stability.

Negative

None.

11/18/2020 - 04:09 PM

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: