The Allstate Corporation (NYSE:ALL) to Issue Quarterly Dividend of $1.08

The Allstate Corporation (NYSE:ALLGet Free Report) declared a quarterly dividend on Wednesday, July 8th. Stockholders of record on Monday, August 31st will be given a dividend of 1.08 per share by the insurance provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

Allstate has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Allstate has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $26.47 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 16.3%.

Allstate Price Performance

Shares of NYSE:ALL opened at $251.29 on Thursday. The company has a market capitalization of $64.69 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.44 and a beta of 0.16. Allstate has a 1-year low of $188.08 and a 1-year high of $257.67. The firm’s 50 day simple moving average is $222.73 and its two-hundred day simple moving average is $212.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.53 earnings per share. Research analysts expect that Allstate will post 29.8 EPS for the current fiscal year.

Allstate News Summary

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About Allstate

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Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

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Dividend History for Allstate (NYSE:ALL)

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