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

Key Takeaways

• Allstate offers a forward dividend yield of 2.03%, with a trailing yield of 1.85% at a recent stock price of approximately $214.
• Quarterly dividends have reached $1.08 per share, up from $1.00 in prior quarters, reflecting recent increases.
• Payout ratio stands at a low 10.51%, indicating strong sustainability and ample room for future growth.
• 15 consecutive years of dividend growth, with steady annual increases averaging over 9% in recent five-year periods.
• Free cash flow comfortably covers dividends, supported by improving insurance profitability.
• Yield competitive with property-casualty peers like TRV (1.6%) and CB (1.4%).

Dividend Overview

Allstate, a leading property-casualty insurer, maintains a quarterly dividend policy, paying four times annually. The most recent dividend is $1.08 per share, declared February 4, 2026, with an ex-dividend date of March 2, 2026, and payment on April 1, 2026. This follows three quarters at $1.00 per share in 2025. The forward annual dividend is $4.32, yielding 2.03%, while the trailing annual rate is $4.00 for a 1.85% yield. With a five-year average yield of 2.34%, Allstate profiles as a dividend growth stock rather than a high-yield play, appealing to investors seeking reliable income paired with moderate appreciation potential in the insurance sector.

Dividend History and Growth

Allstate has a long track record of dividend payments, with quarterly payouts showing consistent growth. From $0.30 per share in 2015 (total $1.20 annually) to $1.08 in early 2026, the dividend has more than tripled. Annual totals progressed from $3.68 in 2024 to a projected $4.08+ in 2026. The company boasts 15 consecutive years of dividend increases, with five hikes in the past five years and a recent 9.12% annualized growth rate over that span. No cuts have occurred recently, even amid past catastrophe losses, underscoring a commitment to shareholder returns through rising premiums and operational efficiencies.

Dividend Sustainability and Payout Ratio

Allstate's dividend sustainability is robust, evidenced by a payout ratio of just 10.51%—well below industry norms and leaving significant coverage from earnings. Free cash flow yield supports dividends multiple times over, with recent quarters showing FCF yields around 3-5%. Balance sheet strength, including manageable debt levels post-recovery from prior underwriting challenges, bolsters confidence. Earnings growth and a low payout provide flexibility for continued increases, even in volatile property-casualty markets affected by weather events or inflation.

Dividend Compared to Industry Peers

In the property-casualty insurance sector, Allstate's 2.03% forward yield exceeds key peers. Travelers (TRV) yields about 1.6%, while Chubb (CB) offers 1.4%. Growth-oriented Progressive (PGR) has a much lower yield under 0.2%, prioritizing reinvestment. Hartford Financial (HIG) is comparable at around 2%. Allstate's profile stands out for balancing yield, growth, and safety versus more conservative or aggressive competitors.

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Is This Stock Attractive for Dividend Investors?

Allstate suits dividend growth investors comfortable with cyclical insurance risks, offering a 2% yield backed by low payout and consistent raises over 15 years. Income seekers may appreciate the quarterly payouts and coverage exceeding peers, providing stability amid sector recoveries. Long-term holders benefit from historical compounding, as dividends have grown robustly from sub-$1 annual levels a decade ago. Conservative investors value the ultra-low payout ratio and FCF support, minimizing cut risks despite catastrophe exposures. However, volatility from claims cycles warrants diversification. Growth-oriented dividend investors find appeal in potential for further hikes tied to premium growth and profitability gains, though not ideal for ultra-high yield chasers.

Disclaimer

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