{"id":440856,"date":"2021-02-22T09:59:21","date_gmt":"2021-02-22T14:59:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=440856"},"modified":"2021-02-22T09:59:21","modified_gmt":"2021-02-22T14:59:21","slug":"allstate-increases-quarterly-dividend-by-50","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-increases-quarterly-dividend-by-50\/","title":{"rendered":"Allstate Increases Quarterly Dividend by 50%"},"content":{"rendered":"

<\/p>\n

Allstate Increases Quarterly Dividend by 50%<\/b><\/p>\n

NORTHBROOK, Ill.–(BUSINESS WIRE<\/a>)–
\nThe Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation\u2019s common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. This represents a 50% increase from the dividend declared in the previous quarter.\n<\/p>\n

\nAllstate\u2019s history of excellent operating results has supported investments in growth and cash returns to shareholders. Over the past five years, the corporation has paid $2.9 billion of common dividends and repurchased 24.9% of common shares outstanding for $8.5 billion. At the same time, $5.9 billion was invested in growth through the acquisitions of SquareTrade, InfoArmor and National General. Today\u2019s action does not impact the current $3 billion share repurchase authorization, which is expected to be completed by the end of 2021.\n<\/p>\n

\n\u201cThe Board\u2019s confidence in Allstate\u2019s growth strategy and sustainable earnings potential supports this substantial quarterly dividend increase,\u201d said Mario Rizzo, Chief Financial Officer. \u201cAllstate\u2019s return on equity is among the highest in the insurance industry and this materially increases our payout ratio and current dividend yield. It also demonstrates our commitment to a capital deployment strategy that creates shareholder value,\u201d concluded Rizzo.\n<\/p>\n

\nFinancial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210222005594\/en\/<\/a><\/span><\/p>\n

\nGreg Burns
\n
(847) 402-5600\n<\/p>\n

KEYWORDS:<\/b> Illinois United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Professional Services Professional Services Insurance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Allstate Increases Quarterly Dividend by 50% NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation\u2019s common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. This represents a 50% increase from the dividend declared in the previous quarter. Allstate\u2019s history of excellent operating results has supported investments in growth and cash returns to shareholders. Over the past five years, the corporation has paid $2.9 billion of common dividends and repurchased 24.9% of common shares outstanding for $8.5 billion. At the same time, $5.9 billion was invested in growth through the acquisitions … <\/p>\n

Continue reading “Allstate Increases Quarterly Dividend by 50%”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-440856","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllstate Increases Quarterly Dividend by 50% - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allstate-increases-quarterly-dividend-by-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allstate Increases Quarterly Dividend by 50% - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allstate Increases Quarterly Dividend by 50% NORTHBROOK, Ill.–(BUSINESS WIRE)– The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation\u2019s common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. This represents a 50% increase from the dividend declared in the previous quarter. Allstate\u2019s history of excellent operating results has supported investments in growth and cash returns to shareholders. Over the past five years, the corporation has paid $2.9 billion of common dividends and repurchased 24.9% of common shares outstanding for $8.5 billion. 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