NORTHBROOK, Ill., Feb. 12, 2016 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2016, to stockholders of record at the close of business on February 29, 2016. This represents a 10 percent increase from the dividend declared in the previous quarter.
"The increase in the quarterly common stock dividend reflects our earnings capacity and capital strength," said Steve Shebik, chief financial officer.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan "You're In Good Hands With Allstate®." The Allstate brand's network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
SOURCE The Allstate Corporation