Allstate Returns Cash to Shareholders through Dividends

Rhea-AI Summary

The Allstate Corporation (NYSE: ALL) has announced the approval of its quarterly dividends by the board of directors. A common stock dividend of 81 cents per share will be distributed to stockholders on July 1, 2021, with a record date of June 4, 2021. Additionally, approximately $26.3 million in dividends will be paid on three series of preferred stock, with payments scheduled for July 15, 2021, to stockholders of record on June 30, 2021. This reflects Allstate's financial strength and confidence in future earnings.

Positive

• Quarterly common stock dividend of 81 cents reflects confidence in future earnings.
• Total preferred stock dividends amount to approximately $26.3 million.

Negative

• None.

The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved common and preferred quarterly dividends.

“Allstate’s financial strength continues to create value for investors, and our quarterly common stock dividend reflects continued confidence in our future earnings potential,” said Mario Rizzo, Allstate’s Chief Financial Officer.

Common Stock Dividends

Allstate declared a quarterly dividend of 81 cents on each outstanding share of the corporation's common stock, payable in cash on July 1, 2021, to stockholders of record at the close of business on June 4, 2021.

Preferred Stock Dividends

Allstate also declared approximately $26.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2021, through July 14, 2021. All the preferred dividends are payable in cash on July 15, 2021, to stockholders of record at the close of business on June 30, 2021, 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/20210525005743/en/

FAQ

What is the common stock dividend declared by Allstate for July 2021?

Allstate declared a common stock dividend of 81 cents per share, payable on July 1, 2021.

When is the record date for Allstate's common stock dividend?

The record date for Allstate's common stock dividend is June 4, 2021.

What are the preferred stock dividends declared by Allstate?

Allstate declared approximately $26.3 million in dividends on three series of preferred stock.

When will Allstate's preferred stock dividends be paid?

The preferred stock dividends will be paid on July 15, 2021.

What is the dividend payment for Allstate's Series G preferred stock?

The quarterly amount for Series G preferred stock is $0.3515625.