Allstate Corporation 4.75 DP PFD I Declares $0.2968 Quarterly Dividend
Allstate Corporation's preferred share class, Allstate Corporation 4.75 DP PFD I (ALL.PR.I), has declared a quarterly dividend of $0.2968 per share, consistent with prior payments. The forward yield is currently at 6.85%. Shareholders of record as of September 30 will receive the payment on October 15, and the ex-dividend date is also set for September 30. The announcement comes amid mixed analyst sentiment regarding Allstate's broader stock performance. Analysts have expressed concerns about slowing premium growth and whether recent operating returns are sustainable. Some firms like Argus and Citi have downgraded or neutralized their positions on the company, citing challenges in sustaining profitability at current levels.
Tickers: $ALL
Topics: Allstate Corporation dividends