Progressive Announces Dividend Information and 2022 Annual Meeting Closing Date


MAYFIELD VILLAGE, OHIO, December 10, 2021 (GLOBE NEWSWIRE) – The Board of Directors of The Progressive Corporation (NYSE: PGR) today declared an annual common stock dividend in the amount of $ 1.50 per share, and one quarterly common share dividend, in the amount of $ 0.10 per share.

The annual common share dividend of $ 1.50 per share is payable on December 29, 2021 to shareholders of record at the close of business on December 20, 2021 (ex-dividend date of December 17, 2021). The amount of the annual dividend for 2021 has been determined by the Board based on our capital situation, existing capital resources and current and anticipated future capital requirements.

The quarterly common share dividend of $ 0.10 per share is payable on January 14, 2022 to shareholders of record at the close of business on January 7, 2022 (ex-dividend date of January 6, 2022). The board of directors is expected to continue targeting a quarterly dividend of approximately $ 0.10 per common share for 2022.

In addition, the Board declared a dividend on our outstanding Cumulative Perpetual Series B Fixed Rate Variable Preferred Shares in the amount of $ 26.875 per Series B share, or $ 13.4 million in aggregate. The dividend, which is based on the annual rate of 5.375% of the indicated amount of $ 1,000 per Series B share, will be paid on March 15, 2022 to shareholders of record at the close of business on March 1, 2022.

The board has also set the close of business on March 18, 2022, as the registration date for determining the shareholders entitled to be called and to vote at the annual meeting of shareholders of Progressive, to be held on May 13, 2022.

About Progressive
Progressive insuranceSM makes it easier to understand, buy and use car insurance, Home Insurance, and other protection needs. Progressive offers choices so consumers can reach us when, where and how it suits them best – online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in person with a local agent.

Progressive provides insurance for personal and commercial automobiles and trucks, motorcycles, boats, recreational vehicles and homes; it is the third largest automobile insurer in the country, one of the main sellers of motorbike and commercial auto insurance, and one of the top 15 home insurers.

Founded in 1937, Progressive continues its long history of offering purchasing tools and services that save customers time and money, such as Name Your Price®, Snapshot® and HomeQuote Explorer.®.

Common shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are listed on the NYSE: PGR.

Company details :
Douglas S. Constantine
(440) 910-3563

Progressive society
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com


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