The Progressive Corporation (NYSE:PGR) Announces $0.10 Quarterly Dividend

Posted by Brian Himes on Jun 30th, 2026

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

Progressive has increased its dividend payment by an average of 0.1%annually over the last three years. Progressive has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Progressive stock opened at $219.13 on Tuesday. The firm’s 50 day simple moving average is $202.17 and its 200-day simple moving average is $206.72. The company has a market cap of $128.05 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 6.81 and a beta of 0.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. Progressive has a fifty-two week low of $189.20 and a fifty-two week high of $267.92.

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

Insiders Place Their Bets

In other Progressive news, Director Jeffrey D. Kelly sold 7,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were 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 owned 22,546 shares in the company, valued at $4,877,376.18. This represents a 23.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $204.76, for a total transaction of $236,907.32. Following the sale, the insider directly owned 27,511 shares of the company’s stock, valued at $5,633,152.36. This trade represents a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Klingman & Associates LLC raised its stake in shares of Progressive by 1.7% in the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock worth $667,000 after acquiring an additional 48 shares during the last quarter. Revisor Wealth Management LLC grew its stake in shares of Progressive by 2.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 50 shares during the last quarter. Cullen Investment Group LTD. increased its holdings in shares of Progressive by 0.7% in the fourth quarter. Cullen Investment Group LTD. now owns 7,463 shares of the insurance provider’s stock valued at $1,606,000 after purchasing an additional 52 shares in the last quarter. Pines Wealth Management LLC increased its holdings in shares of Progressive by 3.9% in the fourth quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Progressive by 0.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

About Progressive

(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.