Progressive announces dividend information and 2021 annual meeting record date

Mayfield village, ohio, dec. 04, 2020 (globe newswire) -- the board of directors of the progressive corporation (nyse:pgr) today declared a quarterly common share dividend, in the amount of $0.10 per share and an annual common share dividend, in the amount of $4.50 per share. the aggregate common share dividend of $4.60 per share is payable january 15, 2021, to shareholders of record at the close of business on january 8, 2021 (ex-dividend date of january 7, 2021). the board is expected to continue to target the quarterly dividend to be approximately $0.10 per common share for 2021. the 2020 annual dividend amount was determined by the board based on our capital position, existing capital resources, and expected current and future capital needs.
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