Progressive Dividends and Buybacks
Dividend criteria checks 4/6
Progressive is a dividend paying company with a current yield of 2.04% that is well covered by earnings. Next payment date is on 16th January, 2025 with an ex-dividend date of 9th January, 2025.
Key information
2.0%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 2.2% |
| Future Dividend Yield | 1.8% |
| Dividend Growth | -8.7% |
| Next dividend pay date | 16 Jan 25 |
| Ex dividend date | 09 Jan 25 |
| Dividend per share | US$4.900 |
| Payout ratio | 8% |
Recent dividend and buyback updates
Recent updates
Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Dec 02Here's Why Progressive (NYSE:PGR) Has Caught The Eye Of Investors
Nov 24
Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Oct 28Progressive Is A Buy On Its Justified Valuation
Oct 16What The Progressive Corporation's (NYSE:PGR) P/E Is Not Telling You
Oct 04Progressive: A Backbone For Your Portfolio
Sep 25Progressive Corporation: Accumulate This Amazing Performer On Weaknesses
Aug 27If EPS Growth Is Important To You, Progressive (NYSE:PGR) Presents An Opportunity
Aug 26Results: The Progressive Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Jul 18Progressive Is A Buy Ahead Of Earnings
Jul 08Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy
Jun 29Progressive: Growth Story Already Priced In
Jun 19Investors Appear Satisfied With The Progressive Corporation's (NYSE:PGR) Prospects
Jun 18Progressive: This Winner Has Much More Long-Term Upside
Apr 12Progressive Insurance, Regressive Returns?
Jan 23Auto Insurer Progressive Speeds By On Revenue And Earnings, As Hold Rating Reaffirmed
Nov 09The Progressive Corporation: Analysts' Estimates Overly Optimistic (Maintain Strong Sell)
Oct 09Progressive: Continue To Hold Due To Mixed Q2 2023 Results
Jul 26Progressive: 2nd-Worst Day Since 2002 Following An EPS Miss, Stock Near Support
Jul 13The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation
Jun 21Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PGR's dividend payments have been volatile in the past 10 years.
Growing Dividend: PGR's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Progressive Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PGR) | 2.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Insurance) | 2.0% |
| Analyst forecast (PGR) (up to 3 years) | 1.8% |
Notable Dividend: PGR's dividend (2.04%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: PGR's dividend (2.04%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8.3%), PGR's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (20.1%), PGR's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:39 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The Progressive Corporation is covered by 45 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Alex Scott | Barclays |