It’s Time to Buy The Allstate Corporation (ALL). Here’s Why.

ALL free cash flow yield data by YCharts.

Allstate may ultimately use this cash to pay you bigger dividends (it already pays a 2% dividend — more than either Progressive or AIG), to buy back shares (increasing the size of your stake in the company for every share it takes off the table), or to reinvest in its business and maintain its lead over rivals for years to come. Any way you look at it, though, The Allstate Corporation (NYSE:ALL)’s ability to generate cash offers investors a great reason to invest.

And that, Fools, is the reason I think now’s a great time to buy Allstate stock.

The article It’s Time to Buy Allstate Stock. Here’s Why. originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends, owns shares of, and has options on, AIG.

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