Allstate Announces Quarterly Dividend and Share Repurchase Authorization
26 Fevereiro 2025 - 7:06PM
Business Wire
The Allstate Corporation (NYSE: ALL) announced that its board of
directors approved a quarterly common stock dividend of $1.00 on
Feb. 26, 2025, which is an increase of $0.08, or 8.7%, per share
compared to last quarter. Allstate also declared the payment of
quarterly preferred dividends.
In addition, the board of directors has authorized a $1.5
billion share repurchase program of outstanding common stock. The
authorization will remain in effect through Sept. 30, 2026.
"Today’s announcement reflects Allstate’s strong financial
position and continued confidence in our strategy,” said Jess
Merten, Allstate’s Chief Financial Officer. “The dividend increases
combined with the new $1.5 billion share repurchase program
demonstrate our commitment to delivering value for
shareholders.”
Common Stock Dividends Allstate declared a quarterly
dividend of $1.00 on each outstanding share of the corporation’s
common stock, payable in cash on April 1, 2025, to stockholders of
record at the close of business on March 10, 2025.
Preferred Stock Dividends Allstate also declared
approximately $29.3 million in aggregate dividends on three series
of preferred stock for the dividend period from Jan. 15, 2025,
through April 14, 2025. All the preferred dividends are payable in
cash on April 15, 2025, to stockholders of record at the close of
business on March 31, 2025, as follows:
Series
Annual
Dividend Rate
Quarterly Amount
Per Depositary Share
Series H
5.100%
$0.3187500
Series I
4.750%
$0.2968750
Series J
7.375%
$0.4609375
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
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Nick Nottoli (847) 402-5600
Allister Gobin (847) 402-2800
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