Progressive Announces Dividend Information And 2025 Annual Meeting Record Date

Rhea-AI Summary

Progressive (NYSE:PGR) has announced its dividend distribution plans. The Board of Directors declared an annual common share dividend of $4.50 and a quarterly dividend of $0.10 per share, both payable on January 16, 2025, to shareholders of record as of January 9, 2025.

The company determined the 2024 annual dividend amount based on its capital position, resources, and anticipated capital requirements. The Board expects to continue declaring quarterly dividends throughout 2025. Additionally, Progressive set March 14, 2025, as the record date for shareholder participation in the Annual Meeting scheduled for May 9, 2025.

Positive

• Annual dividend of $4.50 per share declared
• Additional quarterly dividend of $0.10 per share announced
• Strong capital position enabling dividend distribution
• Commitment to continue quarterly dividends in 2025

Negative

• None.

News Market Reaction

-2.63%

1 alert

-2.63% News Effect

On the day this news was published, PGR declined 2.63%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MAYFIELD VILLAGE, OHIO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- On December 6, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount of $4.50 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 16, 2025, to shareholders of record at the close of business on January 9, 2025. The annual dividend amount for 2024 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 2025.

The Board also set the close of business on March 14, 2025, 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 9, 2025.

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 personal 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
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

FAQ

When will Progressive (PGR) pay its 2024 annual dividend?

Progressive will pay its 2024 annual dividend of $4.50 per share on January 16, 2025, to shareholders of record as of January 9, 2025.

What is Progressive's (PGR) quarterly dividend amount for Q1 2025?

Progressive declared a quarterly dividend of $0.10 per share, payable on January 16, 2025.

When is Progressive's (PGR) 2025 Annual Meeting of Shareholders?

Progressive's 2025 Annual Meeting of Shareholders will be held on May 9, 2025, with March 14, 2025, as the record date for shareholder participation.

What is the record date for Progressive's (PGR) 2024 annual dividend?

The record date for Progressive's 2024 annual dividend is January 9, 2025.