PGR (Progressive) Dividend Payout Ratio : 0.03 (As of Sep. 2024)

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What is Progressive Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Progressive's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.03.

The historical rank and industry rank for Progressive's Dividend Payout Ratio or its related term are showing as below:

PGR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.32 Max: 0.82
Current: 0.08

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.

PGR's Dividend Payout Ratio is ranked better than
95.11% of 307 companies
in the Insurance industry
Industry Median: 0.37 vs PGR: 0.08

As of today (2024-12-12), the Dividend Yield % of Progressive is 0.47%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Progressive was 6.11%. The lowest was 0.24%. And the median was 1.71%.

Progressive's Dividends per Share for the months ended in Sep. 2024 was $0.10.

During the past 12 months, Progressive's average Dividends Per Share Growth Rate was 187.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -38.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -16.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.40% per year.

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 -38.30% per year. And the median was 7.70% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Progressive Dividend Payout Ratio Historical Data

The historical data trend for Progressive's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Progressive Dividend Payout Ratio Chart

Progressive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.06

0.51

0.32

0.34

0.18

Progressive Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.05	0.25	0.03	0.04	0.03

Competitive Comparison of Progressive's Dividend Payout Ratio

For the Insurance - Property & Casualty subindustry, Progressive's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Progressive's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Progressive's Dividend Payout Ratio falls into.

Progressive Dividend Payout Ratio Calculation

Progressive's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.15	/	6.58
	=	0.17

Progressive's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.1	/	3.97
	=	0.03

Progressive (NYSE:PGR) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Progressive Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Progressive's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (NYSE:PGR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PGR:Mexico 0KOC:UK PGV:Germany PGV:Germany P1GR34:Brazil

Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US 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

John P Sauerland	officer: Direct Group, President	PROGRESSIVE, 7580 NORTHCLIFF AVE. -- SUITE 1000, BROOKLYN OH 44144
Steven Broz	officer: Chief Information Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Dyke Kahina Van	director	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
Susan Patricia Griffith	officer: Chief Human Resource, Officer	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
Jonathan S. Bauer	officer: Chief Investment Officer	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Andrew J Quigg	officer: Chief Strategy 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
Roger N Farah	director	POLO RALPH LAUREN CORP, 650 MADISON AVE, NEW YORK NY 10022
Philip Bleser	director	8760 CLAY ROAD SUITE 100, HOUSTON TX 77494
Mariann Wojtkun Marshall	officer: Chief Accounting Officer	C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS RD., MAYFIELD VILLAGE OH 44143
Devin C Johnson	director	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