The Allstate Corporation and United Fire Group have announced their respective quarterly dividends.
In its announcement, Allstate said its board approved a quarterly dividend of $0.92 per outstanding share of the corporation’s common stock. The amount is 3.4% higher than the previous quarter’s dividend.
Meanwhile approximately $29.3 million in aggregate dividends were also declared on three series of preferred stock – Series H, Series I, and Series J – for the dividend period from January 15 through April 14, 2024.
The common stock dividend is payable in case on April 1, while all the preferred dividends are payable on April 15.
Allstate chief financial officer Jess Merten commented: “Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength.”
Property and casualty insurer UFG’s board declared a common stock quarterly cash dividend worth $0.16 per share. The dividend will be payable on March 22.
In a release, the company said: “UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared [on February 23] marking the 224th consecutive quarterly dividend paid, dating back to March 1968.”
Earlier this month, UFG reported a consolidated net income of $19.6 million for the fourth quarter of 2023. The quarterly result was mainly attributed to increased underwriting income and higher investment income.
UFG president and chief executive Kevin Leidwinger said at the time: “I am pleased with our fourth quarter results as we achieved the highest level of quarterly profit in 2023.
“This incremental improvement in profitability combined with our continued growth and the progress we have made to deepen our expertise and drive operational efficiency positions UFG to deliver superior financial and operational performance.”
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