Progressive Announces Dividend Information and 2024 Annual Meeting Record Date

Rhea-AI Summary

The Progressive Corporation (PGR) declared an annual common share dividend of $0.75 per share and a quarterly common share dividend of $0.10 per share, payable on January 26, 2024. The Board determined the 2023 annual dividend based on the company's capital position, existing capital resources, and expected current and future capital needs. Shareholders of record at the close of business on January 19, 2024, will receive the dividends. The Board also set the record date for the Annual Meeting of Shareholders on May 10, 2024, as March 15, 2024.

MAYFIELD VILLAGE, OHIO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount of $0.75 per share, and a quarterly common share dividend, in the amount of $0.10 per share.

Both the annual and quarterly dividends are payable January 26, 2024, to shareholders of record at the close of business on January 19, 2024 (ex-dividend date of January 18, 2024). The annual dividend amount for 2023 was determined by the Board based on our capital position, existing capital resources, and expected current and future capital needs. The Board is expected to continue to declare quarterly dividends for 2024.

The Board also set the close of business on March 15, 2024, as the record date for the determination of shareholders entitled to notice of, and to vote at, Progressive’s Annual Meeting of Shareholders, which will be held on May 10, 2024.

About Progressive
Progressive Insurance^® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price^®, Snapshot^®, and HomeQuote Explorer^®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com

The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com

FAQ

What dividends did The Progressive Corporation (PGR) declare?

The company declared an annual common share dividend of $0.75 per share and a quarterly common share dividend of $0.10 per share.

When are the dividends payable?

The dividends are payable on January 26, 2024.

How were the 2023 annual dividends determined?

The Board determined the 2023 annual dividend based on the company's capital position, existing capital resources, and expected current and future capital needs.

When is the Annual Meeting of Shareholders for The Progressive Corporation (PGR)?

The Annual Meeting of Shareholders will be held on May 10, 2024, with the record date set as March 15, 2024.