Progressive Corporation (The) (NYSE:PGR) Updates On Dividend Release Date


On 2016-01-28, Progressive Corporation (The) (NYSE:PGR) confirmed the dividend disbursement of $0.888 a share to shareholders as on record 2016-02-03. The firm will release dividend on 2016-02-12 while ex-dividend date is reported to be 2016-02-01.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Progressive Corporation (The) (NYSE:PGR) paid a total of $0.888 per share in dividends. This figure stood at $0.888 a share in the same period a year ago indicating a deviation of -54.0358%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $31.666 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $36 and $27, respectively.

Taking the mathematical rating formula, the price for Progressive Corporation (The) (NYSE:PGR) stands at 2.81. Earnings Review Progressive Corporation (The) (NYSE:PGR) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-21. For the period ending on 2016-09-30, experts are expecting EPS of $0.41.

Coming to the quarter ending on 2015-12-31, Progressive Corporation (The) (NYSE:PGR) recorded EPS of $0.29. The reported numbers came lower than the analysts’ estimates of $0.32, demonstrating a miss of $-0.03 as against reported figures.

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