Allstate (ALL) will raise its quarterly dividend by 10.0 percent to $0.33 per share in the second quarter of 2016. This follows a 7.1 percent dividend hike by the insurer in the previous year.
The Allstate Corporation is primarily engaged in the property and casualty insurance business and the sale of life and accident and health insurance products in the United States and Canada. The company is the largest publicly held personal lines insurer in the United States and the 2nd largest personal property and casualty insurer. Allstate became a publicly traded company in 1993 and has paid a dividend every year since its IPO.
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