NORTHBROOK, Ill., Feb. 7, 2018 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced its board of directors has
approved a quarterly dividend of 46
cents on each outstanding share of the corporation's common
stock, payable in cash on April 2,
2018, to stockholders of record at the close of business on
March 5, 2018. This represents a 24%
increase from the dividend declared in the previous quarter.
"This increase in the quarterly common stock dividend reflects
our financial strength and ongoing commitment to proactively manage
shareholders' capital as well as the favorable effect of tax reform
legislation," said Mario Rizzo,
Chief Financial Officer.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting people from life's
uncertainties with 82 million proprietary policies. Allstate offers
a broad array of protection products through multiple brands and
diverse distribution channels, including auto, home, life and other
insurance offered through its Allstate, Esurance, Encompass and
Answer Financial brands. The company provides additional protection
products and services through Allstate Benefits, Allstate Roadside
Services, Allstate Dealer Services, Arity and SquareTrade. Allstate
is widely known from the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every
local community in America. The Allstate Foundation, Allstate, its
employees and agency owners have a proud history of caring for
local communities.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
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SOURCE The Allstate Corporation