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Progressive's Dividend Payment Set for October 10th: Yield at 2.0%, Earnings Coverage Solid.
ByAinvest
Friday, Aug 15, 2025 7:02 am ET1min read
Progressive (NYSE:PGR) announced a $0.10 per share dividend, a 2.0% yield. The dividend is expected to be sustainable, with earnings coverage and a payout ratio of 33%. However, the company's dividend history has been marked by instability, with at least one cut in the last 10 years. Despite this, earnings per share have grown 19% per year over the past five years, and the company is expected to continue to pay dividends in the future.
The Progressive Corporation (NYSE:PGR) announced a $0.10 per share dividend, representing a 2.0% yield. The dividend is expected to be sustainable, with earnings coverage and a payout ratio of 33%. However, the company's dividend history has been marked by instability, with at least one cut in the last 10 years. Despite this, earnings per share have grown 19% per year over the past five years, and the company is expected to continue paying dividends in the future.The dividend, payable on October 10, 2025, will be distributed to shareholders of record by October 2, 2025. This declaration comes as Progressive continues to demonstrate its commitment to returning value to shareholders. The company's strong market position in multiple insurance sectors highlights its competitive advantage and ability to deliver consistent returns to investors.
Progressive's dividend announcement was accompanied by positive analyst ratings and increased institutional ownership. GQG Partners LLC, for instance, increased its stake in Progressive by 61.4% in the first quarter of 2025, adding 3,174,632 shares to its portfolio. The fund now owns 8,346,133 shares of Progressive, making it the company's seventh-largest position. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Progressive's earnings per share growth of 19% over the past five years underscores the company's financial stability and ongoing profitability. Despite the history of dividend cuts, the company's strong financial performance and market position suggest that the recent dividend declaration is a positive development for shareholders.
References:
[1] https://www.quiverquant.com/news/The+Progressive+Corporation+Declares+%240.10+per+Share+Dividend+Payable+October+10%2C+2025
[2] https://www.marketbeat.com/instant-alerts/filing-the-progressive-corporation-nysepgr-holdings-raised-by-gqg-partners-llc-2025-08-13/
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