The Allstate Corporation (ALL) To Go Ex-Dividend on March 2nd

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, March 2nd will be paid a dividend of 1.08 per share by the insurance provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 8.0% increase from Allstate’s previous quarterly dividend of $1.00.

Allstate has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Allstate has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allstate to earn $21.55 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 20.0%.

Allstate Trading Up 0.7%

ALL opened at $214.17 on Friday. Allstate has a one year low of $176.00 and a one year high of $216.75. The stock has a market cap of $55.59 billion, a price-to-earnings ratio of 5.61, a P/E/G ratio of 0.44 and a beta of 0.23. The stock’s 50 day moving average price is $204.23 and its 200-day moving average price is $204.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.43 and a current ratio of 0.37.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the firm earned $7.67 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Allstate will post 18.74 EPS for the current 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.