MAYFIELD VILLAGE, OHIO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023,
the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an
annual common share dividend, in the amount of $0.75 per share, and a
quarterly common share dividend, in the amount of $0.10 per share.
Both the annual and quarterly dividends are payable January 26, 2024, to
shareholders of record at the close of business on January 19, 2024
(ex-dividend date of January 18, 2024). The annual dividend amount for 2023
was determined by the Board based on our capital position, existing capital
resources, and expected current and future capital needs. The Board is
expected to continue to declare quarterly dividends for 2024.
The Board also set the close of business on March 15, 2024, as the record date
for the determination of shareholders entitled to notice of, and to vote at,
Progressive’s Annual Meeting of Shareholders, which will be held on May 10,
2024.
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 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
Source: Progressive Corporation