The Allstate Corporation (NYSE:ALL) Shareholders to Collect $1.08 Quarterly Dividend

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Thursday, November 12th. Investors of record on Monday, November 30th will be paid a dividend of $1.08 per share by the insurance provider on Monday, January 4th. This represents a $4.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th.

Allstate has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Allstate has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $28.95 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 14.9%.

Allstate Stock Performance

NYSE ALL opened at $266.68 on Friday. The company has a fifty day moving average of $246.06 and a two-hundred day moving average of $231.16. The company has a market capitalization of $65.99 billion, a PE ratio of 6.04, a P/E/G ratio of 0.56 and a beta of 0.13. Allstate has a 1 year low of $191.13 and a 1 year high of $281.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $15.87 billion. During the same quarter in the previous year, the firm earned $11.17 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that Allstate will post 37.33 earnings per share for the current year.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.