The Allstate Corporation (NYSE:ALL) announced a quarterly cash dividend of 20 cents per share of the Corporation's common stock.
The company also announced that it completed its review of the U.S. Treasury's Capital Purchase Program, a component of the Troubled Asset Relief Program (TARP). President and CEO Thomas Wilson said, "We applaud the Administration's decision to include insurers in the U.S. Treasury's programs. Given Allstate's strong capital and liquidity positions, however, we will not participate in this program."
In afternoon trading, shares were trading up almost 4.5% on average volume.
In other dividend news,regional bank United Bankshares (NASDAQ:UBSI) announced its quarterly dividend of 29 cents per share. Clothing retailer Dillards Incorporated (NYSE:DDS) announced its quarterly dividend of 4 cents per share.
Among dividend increases, Hormel Foods (NYSE:HRL) announced its quarterly dividend of 19 cents per share, an increase of 2.7% over the dividend a year ago of 18.5 cents.
Among dividend reductions, equipment manufacturer Nordson Corporation (NASDAQ:NDSN) announced its quarterly dividend of 18.25 cents per share, a decrease of 0.27% over the dividend a year ago of 18.3 cents.
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