Allstate Corporation dividend yield – Allstate Corp Declares 0.89 Cash Dividend
June 23, 2023
🌥️Dividends Yield
On June 1 2023, Allstate ($NYSE:ALL) Corp declared a 0.89 USD cash dividend for its shareholders. This is the third year that the company has issued an annual dividend per share, with amounts of 3.44 USD, 3.4 USD, and 3.24 USD in 2021, 2022, and 2023, respectively, resulting in respective yields of 2.66%, 2.68%, and 2.66%. This gives an average yield of 2.67% over the three years. As a result, those interested in investing in stocks that provide dividends may find Allstate Corp to be a viable option, with an ex-dividend date of June 1 2023.
The stock’s dividend history makes it a good candidate for investors seeking to build a stable portfolio of stocks that provide steady income over time. It’s important to note that dividend yields are not guaranteed, and may vary depending on the performance of the company and other factors. Nevertheless, for those looking to add Allstate Corp to their portfolio, now could be a great time to do so.
Stock Price
ALLSTATE CORPORATION announced that its board of directors declared a quarterly cash dividend of $0.89 per share on Thursday. This marks an increase of 3% from the prior quarter’s dividend. Additionally, the company’s stock opened at $108.2 and closed at $109.2 on the same day, a 0.7% increase from the prior closing price of $108.4. The dividend will be payable on June 1, 2021 to shareholders of record at the close of business on May 10, 2021. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allstate Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 52.86k | -2.4k | -4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allstate Corporation. More…
| Operations | Investing | Financing |
| 5.29k | -3.5k | -2.25k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allstate Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 99.63k | 82.26k | 66.52 |
Key Ratios Snapshot
Some of the financial key ratios for Allstate Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | – | -5.2% |
| FCF Margin | ROE | ROA |
| 9.3% | -9.7% | -1.7% |
Analysis
At GoodWhale, we recently analyzed the financials of ALLSTATE CORPORATION. Our Star Chart gave ALLSTATE CORPORATION an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it is likely to sustain operations in times of crisis. We also found that ALLSTATE CORPORATION was strong in dividend, medium in growth and weak in asset and profitability. Based on these findings, we classified ALLSTATE CORPORATION as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company may be of interest to investors who prioritize dividends and are looking for a steady source of income. Additionally, investors who are more risk-averse may also be attracted to ALLSTATE’s strong cashflow and debt management, as the company is likely to remain operational even in times of economic distress. More…
Peers
Allstate Corporation is an American publicly held insurance company headquartered in Northfield Township, Illinois, a suburb of Chicago. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. The company also has personal lines insurance operations in Canada. Allstate is a leading insurer of properties and casualty insurance in the United States.
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Summary
Investing in Allstate Corporation is an attractive option for investors looking to maximize their returns. The company has consistently paid out a generous annual dividend of between 3.24 to 3.44 USD per share, corresponding to a yield ranging between 2.66 and 2.68 percent over the past three years. This provides a steady income stream and protection against inflation.
In addition, Allstate’s strong balance sheet and focused strategy on underwriting profitability provide financial flexibility and the capacity to weather challenging market conditions. All in all, Allstate Corporation appears to be a solid long-term investment choice.
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