Progressive Corp. (PGR) Declares $0.10 Quarterly Dividend; Approves 25M Share Buyback
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Progressive Corp. (NYSE: PGR) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.
The dividend will be payable on July 15, 2019, to stockholders of record on July 5, 2019, with an ex-dividend date of July 3, 2019.
The annual yield on the dividend is 0.5 percent.
The Board also renewed the Company's authorization to repurchase up to 25 million of its common shares. This authorization, which does not have an expiration date, replaced the prior authorization, which was terminated.
The Company today reported the following results for April 2019:
|(millions, except per share amounts and ratios; unaudited)||April||April||Change|
|Net premiums written||$||3,669.8||$||3,226.9||14 %|
|Net premiums earned||$||3,348.3||$||2,882.9||16 %|
|Net income attributable to Progressive||$||487.8||$||260.6||87 %|
|Per share available to common shareholders||$||0.83||$||0.44||88 %|
|Total pretax net realized gains (losses) on securities||$||131.6||$||(6.6)||NM|
|Combined ratio||87.4||89.9||(2.5) pts.|
|Average diluted equivalent common shares||586.7||585.8||0 %|
NM= Not Meaningful
|Policies in Force|
|Agency - auto||6,687.2||6,014.3||11 %|
|Direct - auto||7,427.8||6,506.7||14 %|
|Total personal auto||14,115.0||12,521.0||13 %|
|Total special lines||4,444.2||4,318.5||3 %|
|Total Personal Lines||18,559.2||16,839.5||10 %|
|Total Commercial Lines||721.7||667.4||8 %|
|Property business||2,024.8||1,688.6||20 %|
For a dividend history and other dividend-related data on Progressive Corp. (PGR) click here.
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Create E-mail Alert Related CategoriesCorporate News, Dividends, Stock Buybacks
Related EntitiesDividend, Stock Buyback
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