NORTHBROOK, Ill., Feb. 10, 2017 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 37 cents on each outstanding share of the corporation's common stock, payable in cash on April 3, 2017, to stockholders of record at the close of business on February 28, 2017. This represents a 12 percent increase from the dividend declared in the previous quarter.
"This increase in the quarterly common stock dividend reflects our financial strength and commitment to proactively manage shareholders' capital," 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. Now celebrating its 85th anniversary as an insurer, Allstate is widely known through the slogan "You're In Good Hands With Allstate®." Allstate agencies are in virtually every local community in America.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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SOURCE The Allstate Corporation