Wednesday, February 22, 2006

Allstate (NYSE:ALL) declares dividend with an extra serving of corporate puff

Allstate announces a pretty fancy dividend increase and then goes on to do some corporate puffery about how big they are with individual consumers. They neglect to deal with the fundamentals that allow a record increases in dividends, especially in a post Katrina claims environment. This might be a good time to deal with guidance or something like that.