Allstate Corp (The) (ALL) DIvidends Date & History

Key Takeaways

• Dividend yield: ALL currently yields roughly 1.7%, a modest but dependable payout for a large insurer.
• Annual dividend: The company pays $4.32 per share annually, distributed as $1.08 per share each quarter.
• Growth streak: Allstate has raised its dividend for 15 consecutive years, with a five-year compound annual growth rate near 13%.
• Very low payout ratio: The dividend consumes only about 9%–10% of trailing earnings, leaving ample room for future increases.
• Investor appeal: This is best viewed as a dividend growth stock rather than a high-yield income vehicle.

Dividend Overview

The Allstate Corporation is one of the largest property and casualty insurers in the United States, known for its auto, home, and life insurance businesses. As a dividend stock, ALL stands out for consistency rather than size. The company pays a quarterly dividend of $1.08 per share, equivalent to $4.32 annually, which translates to a dividend yield of approximately 1.7% based on recent share prices.

Allstate is best classified as a dividend growth stock with a modest yield. Its payout has increased steadily for 15 straight years, but the yield remains below many traditional income-oriented insurers because of strong share-price appreciation. Payments follow a reliable quarterly schedule, and the most recent increase, announced in February 2026, lifted the quarterly rate from $1.00 to $1.08 per share. Shareholders who owned the stock before the June 1, 2026 ex-dividend date received their latest payment on July 1, 2026.

Dividend History and Growth

Allstate's dividend history reflects a disciplined, long-term commitment to returning capital. The quarterly payout has climbed from $0.50 per share in 2019 to $1.08 per share in 2026, more than doubling over that span. Annual increases have been consistent, with the dividend rising from $0.81 per quarter in 2021 to $0.85 in 2022, $0.89 in 2023, $0.92 in 2024, $1.00 in 2025, and $1.08 in 2026.

This trajectory gives Allstate a 15-year dividend growth streak and a five-year compound annual growth rate of roughly 13%. Importantly, Allstate did not cut its dividend during the economic downturn of 2020, underscoring management's commitment to maintaining payouts through challenging periods. The company also complements dividends with share buybacks, returning more than $2 billion to shareholders in a recent year.

Dividend Sustainability and Payout Ratio

The dividend appears highly sustainable. Allstate's payout ratio, the share of earnings paid out as dividends, is only about 9%–10% of trailing earnings and roughly 11% of cash flow. This is exceptionally low and leaves a substantial margin of safety, meaning earnings could decline materially before the dividend would come under pressure.

Allstate's financial profile supports this view. The insurer holds a strong balance sheet with significant invested assets and access to capital markets, and it has demonstrated resilience through catastrophe losses and inflationary claims costs. The company's property and casualty underwriting results improved markedly in recent periods, driving earnings per share (EPS) sharply higher and further lowering the effective payout ratio. Because the dividend represents such a small portion of profits, Allstate has ample capacity to continue annual increases while also funding buybacks and business investments.

Dividend Compared to Industry Peers

Within the property and casualty insurance sector, Allstate's dividend yield sits toward the lower end of the range. Rivals such as The Travelers Companies (TRV) and The Hartford (HIG) typically offer higher yields, while Progressive (PGR) pays a much smaller dividend relative to its share price. What Allstate may lack in yield, it makes up for in growth: its five-year dividend growth rate near 13% outpaces many of its larger peers and ranks above the industry average.

For dividend investors, this means Allstate should be evaluated on total shareholder return, combining a growing payout with buybacks and capital appreciation, rather than on current income alone. Its low payout ratio also suggests more headroom for future increases than higher-yielding competitors that already distribute a larger share of earnings.

AI Screener

Tickeron's AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is also useful for identifying dividend stocks and income-focused investments, as well as trending stocks, breakout candidates, and broader market opportunities more efficiently than manual screening. Explore the AI Screener to build watchlists and uncover opportunities that match your investment criteria.

Is This Stock Attractive for Dividend Investors?

Allstate is most suitable for dividend growth investors and long-term, total-return-focused investors rather than those seeking immediate high income. The roughly 1.7% yield is modest, but the combination of 15 consecutive annual increases, a five-year growth rate near 13%, and an extremely low payout ratio makes it a compelling candidate for investors prioritizing long-term compounding and dividend reliability.

Income-focused investors who need a high current yield may find Allstate's payout too small compared with higher-yielding insurers or other sectors. Similarly, conservative investors should weigh the inherent cyclicality of property and casualty underwriting, where catastrophe losses can cause earnings volatility, even though the dividend itself has been stable. Overall, Allstate offers a balanced profile: a dependable, steadily growing dividend backed by a strong balance sheet, appealing to those with a longer investment horizon.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations