Allstate Returns Cash to Shareholders through Dividends
NORTHBROOK, Ill., November 18, 2016 – The Allstate Corporation (NYSE: ALL) announced common and preferred dividends today, continuing its practice of providing attractive cash returns to shareholders.
“We remain committed to proactively returning cash to Allstate shareholders,” said Steven Shebik, Allstate’s chief financial officer. “Allstate returned $389 million to shareholders during the third quarter of 2016 through a combination of common stock dividends and common share repurchases.”
Common Stock Dividends
The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation’s common stock, payable in cash on January 3, 2017, to stockholders of record at the close of business on November 30, 2016.
Preferred Stock Dividends
The Allstate Corporation also declared approximately $29.1 million in aggregate dividends on five series of preferred stock for the dividend period from October 15, 2016 through January 14, 2017. All the preferred dividends are payable in cash on January 17, 2017, to stockholders of record at the close of business on December 30, 2016, as follows:
|Series||Annual Dividend Rate||Quarterly Amount Per Depositary Share|
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Now celebrating its 85th anniversary as an insurer, Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” Allstate agencies are in virtually every local community in America.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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