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Progressive (NYSE:PGR) 3-Year Dividend Growth Rate

: 7.70% (As of Dec. 2022)
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Progressive's Dividends per Share for the three months ended in Dec. 2022 was $0.10.

The historical rank and industry rank for Progressive's 3-Year Dividend Growth Rate or its related term are showing as below:

PGR' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -100   Med: 7.7   Max: 128.9
Current: 7.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Progressive was 128.90% per year. The lowest was -100.00% per year. And the median was 7.70% per year.

PGR's 3-Year Dividend Growth Rate is ranked better than
63.27% of 294 companies
in the Insurance industry
Industry Median: 5.15 vs PGR: 7.70

During the past 12 months, Progressive's average Dividends Per Share Growth Rate was -72.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Progressive's Dividend Payout Ratio for the three months ended in Dec. 2022 was 0.07. As of today, Progressive's Dividend Yield % is 0.28%.

Warning Sign:

Progressive Corp stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Insurance - Property & Casualty subindustry, Progressive's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Progressive 3-Year Dividend Growth Rate Distribution

For the Insurance industry and Financial Services sector, Progressive's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Progressive's 3-Year Dividend Growth Rate falls in comparison to its industry or sector. The grey bar indicates the 3-Year Dividend Growth Rate's extreme value range as defined by GuruFocus.



Progressive 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Progressive  (NYSE:PGR) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Progressive's Dividend Payout Ratio for the quarter that ended in Dec. 2022 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2022 )/ EPS without NRI (Q: Dec. 2022 )
=0.1/ 1.39
=0.07

During the past 13 years, the highest Dividend Payout Ratio of Progressive was 0.82. The lowest was 0.06. And the median was 0.32.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Progressive Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1002023-01-052023-01-062023-01-13Cash DividendquarterlyUSD:USD 1.000000
USD 0.1002022-10-062022-10-072022-10-14Cash DividendquarterlyUSD:USD 1.000000
USD 0.1002022-07-062022-07-072022-07-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1002022-04-062022-04-072022-04-14Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Progressive's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.4/143.06
=0.28 %

Current Share Price is $143.06.
Progressive's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.4.

During the past 13 years, the highest Dividend Yield of Progressive was 6.12%. The lowest was 0.34%. And the median was 1.87%.

Warning Sign:

Progressive Corp stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Progressive 3-Year Dividend Growth Rate Related Terms>


Progressive (NYSE:PGR) Business Description

Progressive logo
Industry
Traded in Other Exchanges
Address
6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143
Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth-largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Executives
Pamela Craig director C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Clawson William L. Ii officer: Chief Human Resources Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Remi Kent officer: Chief Marketing Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Jonathan S. Bauer officer: Chief Investment Officer 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Mariann Wojtkun Marshall officer: Chief Accounting Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS RD., MAYFIELD VILLAGE OH 44143
Jan E Tighe director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Barbara R Snyder director 127 PUBLIC SQUARE, CLEVELAND OH 44114
Andrew J Quigg officer: Chief Strategy Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Philip Bleser director 8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Steven Broz officer: Chief Information Officer C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Lori A Niederst officer: CRM President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Karen Bailo officer: Commercial Lines President 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Daniel P Mascaro officer: Vice Pres, Secretary and CLO C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
John Jo Murphy officer: Claims President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Patrick K Callahan officer: Personal Lines President C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143

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