Progressive Announces Quarterly Common and Preferred Share Dividends

Rhea-AI Summary

The Progressive Corporation (NYSE:PGR) declared a $0.10 dividend per common share, payable on October 15, 2021, to shareholders on record by October 7, 2021, with an ex-dividend date of October 6, 2021.

Additionally, a dividend of $26.875 per Series B Preferred Share, totaling $13.4 million, will be distributed on September 15, 2021, to holders of record by August 31, 2021.

Positive

• Declaration of a $0.10 dividend per common share.
• Dividend payment totaling $13.4 million for Series B Preferred Shares.

Negative

• None.

MAYFIELD VILLAGE, OHIO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- On August 6, 2021, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 15, 2021, to shareholders of record at the close of business on October 7, 2021 (ex-dividend date of October 6, 2021).

In addition, the Board declared a dividend on our outstanding Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares in the amount of $26.875 per Series B Share, or $13.4 million in the aggregate. The dividend, which is based on the annual rate of 5.375% of the stated amount of $1,000 per Series B Share, will be paid on September 15, 2021, to shareholders of record at the close of business on August 31, 2021.

About Progressive
The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it’s most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device 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 third largest auto insurer in the country, a leading seller of motorcycle and commercial auto 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) 910-3563

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

FAQ

What is the dividend amount declared by Progressive Corporation in August 2021?

Progressive Corporation declared a $0.10 per common share dividend.

When will the common share dividend be paid by Progressive?

The common share dividend will be paid on October 15, 2021.

What is the payment date for the Series B Preferred Share dividend?

The Series B Preferred Share dividend will be paid on September 15, 2021.

How much is the Series B Preferred Share dividend?

The dividend for Series B Shares is $26.875 per share.

Who qualifies for the common share dividend from Progressive?

Shareholders on record as of October 7, 2021, qualify for the common share dividend.