Analysis – The Allstate Corp. Increases Dividend by 10%

ALL

The Allstate Corporation announced a regular quarterly dividend of $0.33, a 10 percent increase from the prior rate of $0.30 per share. The dividend will be paid at the new higher rate on April 1, 2016, to shareholders of record at close of business on February 29, 2016.

Date Quarterly Dividend
3/4/2016 0.33
11/25/2015 0.3
8/27/2015 0.3
5/27/2015 0.3
2/26/2015 0.3
11/25/2014 0.28
8/27/2014 0.28
5/28/2014 0.28
2/27/2014 0.28
11/26/2013 0.25
8/28/2013 0.25
5/29/2013 0.25
2/26/2013 0.25
11/28/2012 0.22
8/29/2012 0.22
5/30/2012 0.22
3/1/2012 0.22
11/28/2011 0.21
8/29/2011 0.21
5/26/2011 0.21
3/9/2011 0.21
11/26/2010 0.2
8/27/2010 0.2
5/26/2010 0.2
3/10/2010 0.2

Analysis of Valuation of The Allstate Corp. (Symbol ALL).

Allstate is trading below its average price/book value (P/BV) range.  Allstate is trading below its average historical dividend yield. 

Price 2/16/16 % Yield 5 Year Div. Growth Rate  BV     2016 P/BV Ratio 10 yr P/BV Low 10 yr P/BV High 5 yr max Yield % 5 yr lowest Yield %
$64.57 1.88% 6% 59.10 1.17 0.44 2.24 3.59% 1.56%

The Allstate Corp. Dividend Yield Chart (Click to enlarge) ALL2

Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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