The Progressive Corporation (PGR) To Go Ex-Dividend on July 2nd

Posted by Brian Himes on Jun 30th, 2026

The Progressive Corporation (NYSE:PGR – Get Free Report) announced a quarterly dividend on Friday, May 8th. Investors of record on Thursday, July 2nd will be paid a dividend of 0.10 per share by the insurance provider on Friday, July 10th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, July 2nd.

Progressive has raised its dividend payment by an average of 0.1%annually over the last three years. Progressive has a payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Progressive to earn $16.48 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 2.4%.

Progressive Trading Down 2.3%

NYSE PGR opened at $219.13 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. Progressive has a 52 week low of $189.20 and a 52 week high of $267.92. The stock has a market capitalization of $128.05 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 6.81 and a beta of 0.28. The firm has a 50 day moving average of $202.17 and a two-hundred day moving average of $206.72.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. As a group, research analysts expect that Progressive will post 17.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey D. Kelly sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the sale, the director directly owned 22,546 shares of the company’s stock, valued at approximately $4,877,376.18. The trade was a 23.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the sale, the insider directly owned 27,511 shares of the company’s stock, valued at approximately $5,633,152.36. This trade represents a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,230 shares of company stock valued at $3,165,817. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Progressive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGR. Vanguard Group Inc. grew its position in shares of Progressive by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock worth $12,584,067,000 after acquiring an additional 593,612 shares during the last quarter. State Street Corp raised its position in Progressive by 0.3% in the 3rd quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock valued at $6,373,474,000 after purchasing an additional 78,374 shares during the last quarter. Capital International Investors boosted its stake in Progressive by 8.9% during the 4th quarter. Capital International Investors now owns 14,921,724 shares of the insurance provider’s stock worth $3,398,123,000 after purchasing an additional 1,217,527 shares during the period. Capital Research Global Investors boosted its stake in Progressive by 26.1% during the 3rd quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after purchasing an additional 2,314,864 shares during the period. Finally, GQG Partners LLC grew its position in Progressive by 11.7% during the 4th quarter. GQG Partners LLC now owns 10,432,549 shares of the insurance provider’s stock worth $2,375,706,000 after purchasing an additional 1,092,151 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Progressive Company Profile

(Get Free Report)

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.