Allstate raises quarterly dividend 4.7% to 89c per share

Allstate Corporation announced that its board of directors has approved a quarterly dividend of 89c, which is an increase of 4c, or 4.7%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends. The quarterly dividend of 89c on each outstanding share of the corporation’s common stock is payable in cash on April 3 to stockholders of record at the close of business on Feb. 28. "Allstate continues to provide excellent cash returns for our shareholders. The increase in our dividend this quarter demonstrates our commitment to returning capital to our shareholders, and is a sign of Allstate’s continued financial strength," said Jess Merten, Allstate’s CFO. "Over the past five years, Allstate has returned more than $15.5 billion to shareholders while continuing to invest in the future."