Progressive Declares $13.50 Annual Dividend, Triple Prior Payout

Dow Jones12-09
 

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 11:40 ET (16:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment