Politics and Government Politics and Government
Wed, November 27, 2024
Tue, November 26, 2024
[ Tue, Nov 26th 2024 ] - Brian Stokes
Trust Matters in Cabinet Picks
Mon, November 25, 2024
Sun, November 24, 2024
Thu, November 14, 2024
Tue, November 12, 2024
Thu, April 23, 2009
Mon, February 2, 2009
[ Mon, Feb 02nd 2009 ] - Nathan Burkes
Is Obama a rock star?
Fri, January 30, 2009

Schaeffer's Street Stories: The Allstate Corporation Slashes Its Dividend By 51 Percent


Published on 2009-02-25 10:06:56, Last Modified on 2009-02-25 10:07:16 - Market Wire
  Print publication without navigation


CINCINNATI--([ BUSINESS WIRE ])--The Allstate Corporation (NYSE: ALL) greeted the Street with some less-than-stellar news this morning, when it announced that it was slashing its common stock dividend by 51%, from 41 cents to 20 cents per share. This move ends 14 straight years of dividend increases. The dividend is payable in April to shareholders of record as of March 13.

The decision to cut the company's dividend comes after investment losses caused a $1.13 billion fourth-quarter loss for the nation's largest publicly traded home and auto insurer.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/the+allstate+corporation+slashes+its+dividend+by+51+percent/observations.aspx?click=home&ID=91384&source=businesswire ]


Publication Contributing Sources