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THE ALLSTATE CORPORATION DECLARES FIRST QUARTERLY DIVIDEND AS A PUBLICLY TRADED COMPANY

 NORTHBROOK, Ill., Aug. 11 /PRNewswire/ -- The board of directors of The Allstate Corporation (NYSE: ALL) declared the first regular quarterly dividend of 18 cents per share on the common stock of the company. It is the first quarterly dividend paid by the company since its initial public offering in June.
 The dividend is payable Sept. 29 to shareholders of record at the close of business on Sept. 15.
 Allstate Insurance Company, The Allstate Corporation's operating company established in 1931 by Sears, Roebuck and Co., is the country's second largest property-liability insurer and one of the 20 largest life insurers based on 1992 statutory premiums and deposits.
 -0- 8/11/93
 /CONTACT: Kathleen Hogan of The Allstate Corporation, 708-402-5600/
 (ALL)


CO: The Allstate Corporation ST: Illinois IN: INS SU: DIV

SH -- NY023 -- 1538 08/11/93 09:23 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:138
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