The Allstate Corporation announced that its board of directors approved a quarterly common stock dividend of $1.00 per share, representing an increase of $0.08, or 8.7%, compared to the previous quarter. This dividend is payable in cash on April 1, 2025, to stockholders of record on March 10, 2025.
In addition to the dividend increase, the board authorized a new $1.5 billion share repurchase program for outstanding common stock. This authorization will remain in effect through September 30, 2026, demonstrating the company's commitment to disciplined capital management and enhancing shareholder value.
The company also declared the payment of approximately $29.3 million in aggregate dividends on three series of preferred stock for the period from January 15, 2025, through April 14, 2025, payable on April 15, 2025.
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