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    Allstate Announces Quarterly Dividend and Share Repurchase Authorization

    2/26/25 5:06:00 PM ET
    $ALL
    Property-Casualty Insurers
    Finance
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    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.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250226472880/en/

    Nick Nottoli

    (847) 402-5600

    Allister Gobin

    (847) 402-2800

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