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Allstate declares quarterly dividend and share repurchase authorization

whysavetoday by whysavetoday
February 27, 2025
in Insurance
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Allstate declares quarterly dividend and share repurchase authorization
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NORTHBROOK, Ailing., Feb. 26, 2025 – The Allstate Company (NYSE: ALL) introduced that its board of administrators accepted a quarterly widespread inventory dividend of $1.00 on Feb. 26, 2025, which is a rise of $0.08, or 8.7%, per share in comparison with final quarter. Allstate additionally declared the cost of quarterly most popular dividends.

As well as, the board of administrators has licensed a $1.5 billion share repurchase program of excellent widespread inventory. The authorization will stay in impact by Sept. 30, 2026.

“Immediately’s announcement displays Allstate’s robust monetary place and continued confidence in our technique,” stated Jess Merten, Allstate’s Chief Monetary Officer. “The dividend will increase mixed with the brand new $1.5 billion share repurchase program exhibit our dedication to delivering worth for shareholders.”

Widespread Inventory Dividends

Allstate declared a quarterly dividend of $1.00 on every excellent share of the company’s widespread inventory, payable in money on April 1, 2025, to stockholders of report on the shut of enterprise on March 10, 2025.

Most popular Inventory Dividends

Allstate additionally declared roughly $29.3 million in mixture dividends on three collection of most popular inventory for the dividend interval from Jan. 15, 2025, by April 14, 2025. All the popular dividends are payable in money on April 15, 2025, to stockholders of report on the shut of enterprise on March 31, 2025, as follows:

  Collection Annual Dividend Price Quarterly Quantity Per Depositary Share
Collection H 5.100% $0.3187500
Collection I 4.750% $0.2968750
Collection J 7.375% $0.4609375

Monetary info, together with materials bulletins about The Allstate Company, is routinely posted on www.allstateinvestors.com.

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