Progressive Announces Quarterly Common Share Dividend and Appointment of Calculation Agent for Preferred Shares

Rhea-AI Summary

The Progressive Corporation (NYSE:PGR) declared a dividend of $0.10 per common share on March 3, 2023. This dividend is payable on April 14, 2023, to shareholders recorded by the close of business on April 6, 2023, with an ex-dividend date of April 5, 2023.

Additionally, Progressive appointed itself as the calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares, with the floating rate period commencing on March 15, 2023.

Positive

• Declared a dividend of $0.10 per share, enhancing shareholder income.
• Positive future outlook with the appointment as calculation agent, suggesting confidence in Series B shares.

Negative

• None.

MAYFIELD VILLAGE, OHIO, March 06, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 14, 2023, to shareholders of record at the close of business on April 6, 2023 (ex-dividend date of April 5, 2023).

In addition, on March 3, 2023, The Progressive Corporation appointed itself as calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares. The floating rate period for the Series B shares begins on March 15, 2023.

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 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) 395-3707
investor_relations@progressive.com 

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 March 2023?

Progressive Corporation declared a dividend of $0.10 per common share on March 3, 2023.

When is the dividend payable for PGR shareholders?

The dividend for PGR shareholders is payable on April 14, 2023.

What is the ex-dividend date for the dividend declared by Progressive?

The ex-dividend date for the declared dividend is April 5, 2023.

When does the floating rate period for Progressive's Series B shares begin?

The floating rate period for the Series B shares begins on March 15, 2023.