Progressive Announces Quarterly Common Share Dividend
Rhea-AI Summary
The Progressive (NYSE:PGR) has announced a quarterly dividend of $0.10 per common share. This dividend will be payable on October 11, 2024, to shareholders of record at the close of business on October 3, 2024. Progressive, founded in 1937, is a leading insurance provider offering a wide range of coverage options including auto, home, and commercial insurance. The company is known for its innovative shopping tools and services such as Name Your Price®, Snapshot®, and HomeQuote Explorer®, designed to save customers time and money. Progressive is the second largest personal auto insurer in the country and ranks among the top 15 homeowners insurance carriers.
Positive
- Consistent dividend payment demonstrates financial stability
- Second largest personal auto insurer in the country
- Among top 15 homeowners insurance carriers
- Offers innovative tools and services for customer convenience
Negative
- Relatively low dividend amount of $0.10 per share
News Market Reaction
On the day this news was published, PGR declined 2.78%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MAYFIELD VILLAGE, OHIO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- On August 2, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a
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
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com
FAQ
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