Allstate authorizes $1.5B stock buyback, raises quarterly dividend 8.7%

The Allstate (ALL) Corporation announced that its board of directors approved a quarterly common stock dividend of $1.00 on Feb. 26, 2025, which is an increase of 8c, or 8.7%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends. In addition, the board of directors has authorized a $1.5B share repurchase program of outstanding common stock. The authorization will remain in effect through Sept. 30, 2026. “Today’s announcement reflects Allstate’s strong financial position and continued confidence in our strategy,” said Jess Merten, Allstate’s Chief Financial Officer. “The dividend increases combined with the new $1.5 billion share repurchase program demonstrate our commitment to delivering value for shareholders.”