MAYFIELD VILLAGE, OHIO, Aug. 07, 2020 (GLOBE NEWSWIRE) — The Board of Directors of The Progressive Corporation (NYSE:) today declared a $0.10 per common share dividend, payable October 15, 2020, to shareholders of record at the close of business on October 7, 2020 (ex-dividend date of October 6, 2020).
In addition, the Board declared a dividend on our outstanding Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares in the amount of $26.875 per Series B Share, or $13.4 million in the aggregate. The dividend, which is based on the annual rate of 5.375% of the stated amount of $1,000 per Series B Share, will be paid on September 15, 2020, to shareholders of record at the close of business on August 31, 2020.
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