Progressive Declares $13.50 Annual Dividend, Triple Prior Payout
By Colin Kellaher
Progressive's board approved an annual dividend of $13.50, tripling last year's $4.50 payout.
Progressive on Monday said the annual dividend, along with its regular 10-cent quarterly dividend, is payable Jan. 8 to shareholders of record Jan. 2.
Progressive in late 2018 ended its policy of paying a variable annual dividend and shifted to regular quarterly payouts, but the Mayfield Village, Ohio, insurance provider said its board would consider declaring an additional dividend at least annually.
Since then, Progressive had declared annual dividends ranging from 75 cents to $4.50 while skipping payouts in 2022 and 2023.
Progressive, which posted a 36% rise in net income to $8.36 billion for the first nine months of 2025, said its board determined the annual dividend amount based on the company's capital position and capital resources, along with its expected current and future capital needs.
With nearly 586.4 million shares outstanding, Progressive will be shelling out nearly $7.9 billion for the annual dividend.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 08, 2025 11:55 ET (16:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States