The Allstate Corporation (ALL) To Go Ex-Dividend on June 1st

The Allstate Corporation (NYSE:ALL) declared a quarterly dividend on Friday, May 22nd. Investors of record on Monday, June 1st will be paid a dividend of 1.08 per share by the insurance provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, June 1st.

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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allstate to earn $26.27 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 16.4%.

Allstate Stock Down 0.4%

Shares of NYSE ALL opened at $206.51 on Friday. The business has a 50-day moving average of $212.70 and a two-hundred day moving average of $208.55. The company has a market capitalization of $53.16 billion, a price-to-earnings ratio of 4.56, a price-to-earnings-growth ratio of 0.37 and a beta of 0.21. Allstate has a 1 year low of $188.08 and a 1 year high of $227.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. On average, analysts forecast that Allstate will post 29.11 earnings per share for the current fiscal year.

About Allstate

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.