Allstate Returns Cash to Shareholders through Dividends

Rhea-AI Summary

The Allstate Corporation (NYSE: ALL) has announced a quarterly dividend of $0.89 per outstanding common share, payable on July 3, 2023. Additionally, Allstate declared approximately $18.2 million in aggregate dividends on two series of preferred stock for the dividend period from April 15, 2023, through July 14, 2023.

Positive

• Allstate has approved a quarterly dividend of $0.89 per outstanding common share, which could positively affect the stock price. The dividend is payable on July 3, 2023.

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 per outstanding common share. Allstate also declared the payment of quarterly preferred dividends.

Common Stock Dividends

Allstate declared a quarterly dividend of $0.89 on each outstanding share of the corporation's common stock, payable in cash on July 3, 2023, to stockholders of record at the close of business on June 2, 2023.

Preferred Stock Dividends

Allstate also declared approximately $18.2 million in aggregate dividends on two series of preferred stock for the dividend period from April 15, 2023, through July 14, 2023. All the preferred dividends are payable in cash on July 17, 2023, to stockholders of record at the close of business on June 30, 2023, as follows:

Series	Annual Dividend Rate	Quarterly Amount Per Depositary Share
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/20230522005707/en/

Al Scott

(847) 402-5600

Source: The Allstate Corporation

FAQ

What is the dividend amount declared by Allstate?

Allstate has declared a quarterly dividend of $0.89 per outstanding common share.

When will the dividend be paid?

The dividend will be payable on July 3, 2023.

What is the dividend period for the preferred stock?

The dividend period for the preferred stock is from April 15, 2023, through July 14, 2023.

How much are the aggregate dividends on preferred stock?

Allstate has declared approximately $18.2 million in aggregate dividends on two series of preferred stock.

When will the preferred dividends be paid?

The preferred dividends will be payable on July 17, 2023.