Does The Progressive Corporation (PGR) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. The Progressive Corporation (PGR) pays a dividend yielding about 6.57% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.10 per share, ex-dividend July 2, 2026. The forward annual rate is roughly $13.90 per share, about $657 a year on a $10,000 position before tax. The payout takes about 70% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does The Progressive Corporation (PGR) pay a dividend?
Yes. The Progressive Corporation distributes a dividend yielding roughly 6.57% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.10 per share, with an ex-dividend date of July 2, 2026. Annualized, that is about $13.90 per share.
Progressive's trailing P/E of roughly 10.5x sits meaningfully below its own 5-year average of approximately 34x and below the broader U.S. insurance industry average of roughly 11.7x, largely because 2025 earnings were at a cyclical peak and consensus expects some normalization ahead. The 87.4% combined ratio is the clearest single expression of underwriting quality: every dollar of premium collected generated roughly $0.13 of underwriting profit before investment income is counted. However, analysts project EPS to decline modestly over the next few years as competition intensifies and the cycle moderates, which helps explain why the market is not rewarding peak earnings with a peak multiple.
PGR dividend at a glance
| 2026-07-02 | $0.1 |
| 2026-04-02 | $0.1 |
| 2026-01-02 | $13.6 |
| 2025-10-02 | $0.1 |
| 2025-07-03 | $0.1 |
| 2025-04-03 | $0.1 |
PGR dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with PGR's investor relations page before relying on it.
Is the PGR dividend covered?
The Progressive Corporation paid out about 70% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the PGR dividend has changed
The latest payment of $0.10 per share compares with $0.10 in the equivalent payment a year earlier (July 3, 2025). That is a change of 0.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on PGR's investor relations page.
What PGR's dividend means for you
- Income: about $657 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for PGR the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How PGR dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the PGR dividend
The Progressive Corporation (PGR) pays about 6.57%, or roughly $13.90 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the PGR guide. Walnut can show how PGR fits your real portfolio. It is not an investment adviser.
Investing in The Progressive Corporation with AI
Connect the broker you already use and ask Walnut's AI how PGR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does The Progressive Corporation (PGR) pay a dividend?
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Yes. The Progressive Corporation pays a dividend yielding roughly 6.57% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.10 per share with an ex-dividend date of July 2, 2026. That works out to a forward annual rate of about $13.90 per share. Yields move with the share price, so verify the current figure with your broker or PGR's investor relations page before relying on it.
What is PGR's dividend yield?
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About 6.57% as of August 2026. On a $10,000 position that is roughly $657 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so PGR yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does PGR pay its dividend?
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The Progressive Corporation pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of July 2, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on PGR's investor relations page, because boards can change both the amount and the timing.
When is PGR's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is July 2, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check PGR's investor relations page for the next confirmed date.
Has The Progressive Corporation raised its dividend recently?
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Not in the last year. The latest payment of $0.10 per share is unchanged from the $0.10 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.
Is PGR's dividend safe?
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The Progressive Corporation paid out about 70% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in PGR?
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At a yield of about 6.57%, roughly $657 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are PGR dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest PGR dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each PGR payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does PGR pay a dividend?
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Yes, though the structure is unusual. Progressive pays a small regular quarterly dividend (most recently $0.10 per share) and periodically pays a large variable dividend linked to exceptional profitability. In the prior fiscal year, total dividends paid came to approximately $13.90 per share, producing a trailing yield around 6-7% at recent prices. Investors should not treat the variable component as a guaranteed recurring income stream.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with PGR's investor relations page or your broker before acting on them.
Guides that feature PGR
PGR is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.