SmarterDividends
PGR

Progressive (PGR) Dividend

The Progressive Corporation · Financial Services · Insurance - Property & Casualty · quarterly payer

$237.28

Fairly valued · -2% Add to Portfolio

As of Nov 5, 2026, Progressive (PGR) pays a quarterly dividend of $0.10 per share, or $0.40 a year, a 0.17% yield at its $237.28 share price. It pays every quarter, usually in January, April, July and October. It has a dividend safety grade of A.

Forward Yield

0.17%

Annual Dividend

$0.40

Payout Ratio

70%

5-Yr Growth

0.0%

Ex-Date

Oct 1, 2026

Frequency

Quarterly

Key facts about PGR's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, The Progressive Corporation (PGR) has a forward dividend yield of 0.17%, based on an annual dividend of $0.40 per share and a share price of $237.28.
  • As of Nov 5, 2026, PGR's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
  • PGR last cut its regular dividend in 2005.
  • PGR's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.10 per share.
  • As of Nov 5, 2026, PGR pays out 70% of its trailing 12-month earnings as dividends (its payout ratio).
  • PGR's dividend has been roughly flat over the past five years.
  • As of Nov 5, 2026, PGR's 0.17% yield is 91% below its five-year average yield of 1.96%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for PGR is $233.20 per share, 2% below the $237.28 share price, so PGR screens as fairly valued.
  • The Progressive Corporation (PGR) pays its dividend quarterly, 4 times a year.
  • The Progressive Corporation (PGR) has raised its regular dividend 18 times and cut it 4 times across the 126 payments on record since 1987. Its most recent change was a 91.1% cut to $0.100 per share, going ex-dividend on Apr 4, 2019.
Cite this page

SmarterDividends, "PGR Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/PGR

Is PGR a good dividend stock?

Yes

The Progressive Corporation (PGR) pays a quarterly dividend yielding 0.17% ($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

  • 149% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2005

Key Data

Dividend Yield
0.17%
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
0.20
Market Cap
$137.5B
P/E Ratio
12.0
5-Yr Total Return
149%
52-Week Range
$189.20 – $239.38
Dividend Safety
A · 82/100
Ever Cut?
Yes (2005)

PGR dividend raises and cuts

The Progressive Corporation (PGR) has raised its regular dividend 18 times and cut it 4 times across the 126 payments on record since 1987. Its most recent change was a 91.1% cut to $0.100 per share, going ex-dividend on Apr 4, 2019.

Ex-dateChangeOld → newMove
Apr 4, 2019Cut$1.13 → $0.100−91.1%
Feb 1, 2018Raise$0.681 → $1.13+65.2%
Feb 2, 2015Raise$0.285 → $0.686+140.7%
Jan 23, 2013Cut$0.407 → $0.285−30.0%
Jan 24, 2012Raise$0.399 → $0.407+2.0%
Jan 25, 2011Raise$0.161 → $0.399+147.8%
Sep 6, 2006Raise$0.0075 → $0.0090+20.0%
Sep 8, 2004Raise$0.0063 → $0.0075+20.0%
Jun 11, 2003Raise$0.0058 → $0.0063+8.7%
Mar 12, 2003Cut$0.0063 → $0.0058−8.0%
Sep 11, 2002Raise$0.0058 → $0.0063+8.7%
Jun 12, 2002Cut$0.0058 → $0.0058−1.4%
Show all 22 changes since 1987
Ex-dateChangeOld → newMove
Sep 6, 2000Raise$0.0054 → $0.0058+7.7%
Sep 9, 1998Raise$0.0050 → $0.0054+8.3%
Sep 11, 1996Raise$0.0046 → $0.0050+9.1%
Sep 2, 1994Raise$0.0042 → $0.0046+10.0%
Nov 17, 1992Raise$0.0039 → $0.0042+7.1%
Mar 9, 1992Raise$0.0036 → $0.0039+7.7%
Mar 4, 1991Raise$0.0033 → $0.0036+8.3%
Mar 5, 1990Raise$0.0031 → $0.0033+9.1%
Mar 6, 1989Raise$0.0028 → $0.0031+10.0%
Sep 4, 1987Raise$0.0004 → $0.0028+566.2%
Every PGR payment →Download every raise and cut (CSV)
PGR ex-dividend date & scheduleNext ex-date Oct 1, 2026 · full ex-dividend historyView →PGR dividend historyEvery payment, totals by year, raises and cutsView →PGR dividend calculator100 shares pay $40.00 a year, $10.00 each quarterCalculate →PGR total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is PGR a good dividend stock?

Yes. The Progressive Corporation (PGR) pays a quarterly dividend yielding 0.17% ($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.

Is PGR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PGR's fair value is about $233.20 versus a $237.28 share price — so it looks fairly valued (-2% vs. fair value).

Is PGR's dividend safe?

PGR has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2005, debt and yield-versus-history.

What is PGR's fair value?

Our blended fair-value estimate for PGR is about $233.20 per share, about 2% below the current $237.28 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PGR a buy, hold, or sell?

We don't issue formal ratings, but on the data PGR screens as "yes" and fairly valued. The Progressive Corporation (PGR) pays a quarterly dividend yielding 0.17% ($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. This is research for your own analysis, not investment advice.

Will PGR cut its dividend?

PGR earns a dividend-safety grade of A (82/100), and has cut its dividend before (last in 2005). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PGR pay a dividend?

Yes. The Progressive Corporation pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 0.17%.

How much dividend does 100 shares of PGR pay?

At $0.40 per share a year, 100 shares of PGR pay $40.00 a year in dividends before tax, about $10.00 each quarter. Buying them costs about $23,728 at the Nov 5, 2026 price.

What is PGR's dividend yield?

As of Nov 5, 2026, PGR's forward dividend yield is 0.17%, based on a $0.40 annual dividend and a $237.28 share price.

What is PGR's dividend per share?

As of Nov 5, 2026, PGR pays $0.40 per share per year, distributed on a quarterly basis.

What is PGR's dividend payout ratio?

As of Nov 5, 2026, PGR's payout ratio is 70% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has PGR grown its dividend?

PGR does not currently have a long dividend-growth streak on record.

When is the next PGR ex-dividend date?

As of Nov 5, 2026, PGR's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.10 per share.

Income Calculator

At $0.40 / yr per share

Per payment (quarterly)$10.00
Annual$40.00
Monthly avg$3.33
Full PGR dividend calculator →

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