Progressive announces dividend information and reports january 2020 results

Mayfield village, ohio, feb. 19, 2020 (globe newswire) -- on february 14, 2020, the board of directors of the progressive corporation (nyse:pgr) declared a dividend on our common shares and on our series b fixed-to-floating rate cumulative perpetual serial preferred shares. the common share dividend is in the amount of $0.10 per share, payable on april 15, 2020, to shareholders of record on april 7, 2020 (ex-dividend date of april 6, 2020). the $26.875 per series b share dividend, or $13.4 million in the aggregate, is based on the annual rate of 5.375% of the stated amount of $1,000 per series b share and is payable march 16, 2020, to shareholders of record at the close of business on february 28, 2020.
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