The Allstate Corporation (NYSE: ALL) announced that its board of directors approved a quarterly dividend of $0.92 on Feb. 22, 2024, which is an increase of $0.03, or 3.4%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends.
“Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength,” said Jess Merten, Allstate’s Chief Financial Officer.
Common Stock Dividends
Allstate declared a quarterly dividend of $0.92 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2024, to stockholders of record at the close of business on March 4, 2024.
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, 2024, through April 14, 2024. All the preferred dividends are payable in cash on April 15, 2024, to stockholders of record at the close of business on March 28, 2024, 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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