Progressive Stock To Go Ex-dividend Monday (PGR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Progressive Corporation (NYSE: PGR) is Monday, November 19, 2012. Owners of shares as of market close today will be eligible for a dividend of $1 per share. At a price of $22.19 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Progressive has been 5.7 million shares per day over the past 30 days. Progressive has a market cap of $13.52 billion and is part of the financial sector and insurance industry. Shares are up 13.9% year to date as of the close of trading on Thursday.

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Progressive as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Progressive Ratings Report.

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