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. Stockholders of record on Monday, November 30th will be given 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 dividend yield of 1.6%. The ex-dividend date is Monday, November 30th.

Allstate has increased its dividend payment by an average of 0.1% annually 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% meaning 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 Up 1.7%

Shares of NYSE ALL opened at $266.68 on Friday. The stock has a market cap of $65.99 billion, a P/E ratio of 6.04, a PEG ratio of 0.56 and a beta of 0.13. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. Allstate has a 12-month low of $191.13 and a 12-month high of $281.11. The business’s fifty day simple moving average is $246.06 and its 200-day simple moving average is $231.16.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same period last year, the business posted $11.17 earnings per share. Allstate’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Allstate will post 37.33 EPS for the current fiscal year.

Allstate Company Profile

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.