The Allstate Corporation Plans Quarterly Dividend of $1.08 (NYSE:ALL)

Key Points

• Allstate announced a quarterly dividend of $1.08 per share, payable on October 1 to shareholders of record on August 31. The dividend implies an annualized yield of about 1.7%.
• The company has raised its dividend for 15 straight years, and its payout ratio remains low at 20.0%, suggesting the dividend is well covered by earnings.
• Allstate recently posted strong quarterly results, with EPS of $10.65 beating estimates and revenue of $16.94 billion above forecasts. Analysts still expect the insurer to generate solid earnings going forward, with projected full-year EPS of 29.8.

The Allstate Corporation (NYSE:ALL - Get Free Report) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Monday, August 31st will be paid a dividend of 1.08 per share by the insurance provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a 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 annually for the last 15 consecutive years. Allstate has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allstate to earn $26.47 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 16.3%.

Allstate Stock Performance

Shares of NYSE ALL opened at $251.29 on Thursday. The stock has a market cap of $64.69 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 0.44 and a beta of 0.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. Allstate has a 1-year low of $188.08 and a 1-year high of $257.67. The stock's 50-day moving average is $222.73 and its 200 day moving average is $212.44.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the previous year, the business earned $3.53 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that Allstate will post 29.8 EPS for the current fiscal year.

Allstate Company Profile

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.

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