On May 22, The Allstate Corporation (ALL) announced that its board of directors has approved quarterly dividend distributions for several series of its preferred stock and for its common stock.

According to the announcement, the dividend for the Series I Preferred Stock is $0.2968 per share, the dividend for the Series H Depositary Preferred Shares is $0.3188 per share, and the dividend for the Series J Depositary Preferred Shares is $0.4609 per share. The dividend amounts for all three preferred stock series remain unchanged from the previous quarter. The payment date for these preferred stock dividends is July 15, with a record date and ex-dividend date of June 30.

Additionally, Allstate declared a quarterly dividend of $1.08 per share for its common stock, also unchanged from the prior quarter, representing an annualized dividend of $4.32 per share. Based on the closing price on May 22, the forward dividend yield for the common stock is approximately 2.0%. The common stock dividend is scheduled for payment on July 1, with a record date and ex-dividend date of June 1.

Allstate, headquartered in Northbrook, Illinois, is one of the largest providers of property and casualty insurance in the United States. The company has a long-standing commitment to returning value to shareholders through a consistent dividend policy, with its common stock having increased its dividend for more than 25 consecutive years.