Allstate (ALL) will raise its quarterly dividend by 24.3 percent to $0.46 per share in the first quarter of 2018. The insurer hiked its dividend by 12.1 percent in 2017.
The new dividend yield for ALL is 2% and 2018 marks the 8th consecutive year of dividend increases.
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.
2023