The Allstate Corporation (ALL) to Distribute Quarterly Dividend of $1.08 on October 1st

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Wednesday, July 8th. Stockholders of record on Monday, August 31st will be given a dividend of 1.08 per share by the insurance provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

Allstate has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Allstate has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allstate to earn $27.64 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 15.6%.

Allstate Stock Performance

Shares of ALL opened at $261.17 on Friday. The company’s 50 day simple moving average is $254.14 and its 200-day simple moving average is $226.81. The firm has a market cap of $66.04 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.39 and a beta of 0.16. Allstate has a 12-month low of $188.08 and a 12-month high of $277.22. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm earned $5.94 EPS. Allstate’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Allstate will post 34.45 EPS for the current year.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.