Allstate Announces Quarterly Dividend and Share Repurchase Authorization

Business Wire 26-Feb-2025 5:06 PM

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:

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

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