The Progressive Corporation
PGRFinancial Services · Stock · quarterly payer
Forward Yield
0.19%
Annual Dividend
$0.40
Payout Ratio
70%
5-Yr Growth
0.0%
Ex-Date
Oct 1, 2026
Frequency
Quarterly
Summary
As of September 2026, The Progressive Corporation (PGR) yields 0.19% ($0.40 per share annually), with a blended fair-value estimate of $367.84 — +72% upside, so it screens as undervalued. Dividend safety grade: A (82/100).
Is PGR a good dividend stock?
YesThe Progressive Corporation (PGR) pays a quarterly dividend yielding 0.19% ($0.40/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 125% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2005
Key Data
- Dividend Yield
- 0.19%
- Payout Ratio
- 70%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Oct 1, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.26
- Market Cap
- $123.9B
- P/E Ratio
- 10.7
- 5-Yr Total Return
- 125%
- 52-Week Range
- $189.20 – $248.17
- Dividend Safety
- A · 82/100
- Ever Cut?
- Yes (2005)
Frequently Asked Questions
PGR Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+35%
5 Years
+125%
52-Week Range
$189.20 – $248.17
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PGR worth?
Undervaluedlow confidenceOur blended fair-value estimate for The Progressive Corporation is $367.84 per share, versus a market price of $213.48. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$367.84
Current Price
$213.48
Upside
+72%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $19.94 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PGR Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 2, 2026 | — | $0.1000 | regular |
| Apr 2, 2026 | — | $0.1000 | regular |
| Jan 2, 2026 | — | $13.6000 | regular |
| Oct 2, 2025 | — | $0.1000 | regular |
| Jul 3, 2025 | — | $0.1000 | regular |
| Apr 3, 2025 | — | $0.1000 | regular |
| Jan 10, 2025 | — | $4.6000 | regular |
| Oct 3, 2024 | — | $0.1000 | regular |
| Jul 3, 2024 | — | $0.1000 | regular |
| Apr 3, 2024 | — | $0.1000 | regular |
| Jan 18, 2024 | — | $0.8500 | regular |
| Oct 4, 2023 | — | $0.1000 | regular |
| Jul 6, 2023 | — | $0.1000 | regular |
| Apr 5, 2023 | — | $0.1000 | regular |
Income Calculator
At $0.40 / yr per share
