Allstate boosts dividend; launches new buyback

|About: Allstate Corporation (ALL)|By:, SA News Editor

The new quarterly dividend of $0.28 per share is a 12% boost to the previous level and puts a 2.16% yield on the stock.

The buyback is authorized at $2.5B worth of shares to be completed over the next 18 months.

ALL +0.7% premarket