will progressive stock split in 2024?

will progressive stock split in 2024?

As of the time of this review, the question "will progressive stock split in 2024" can be answered based on public investor materials: there was no public announcement or SEC filing indicating a Progressive (PGR) stock split in 2024. This article summarizes the evidence, Progressive's split history, how splits are usually announced and implemented, a practical checklist to verify any future split, and what shareholders should know. Readers will learn how to confirm a split using authoritative sources and what to expect if Progressive were to consider one.

Short answer / Executive summary

As of December 31, 2024, according to Progressive Investor Relations and the company’s 2024 proxy statement and news releases, there is no record of a Progressive (PGR) stock split announced or effected in 2024. As a practical next step, investors should monitor Progressive’s official Investor Relations news and SEC filings (especially Form 8-K and Schedule 14A) for any board action or press release that would announce a split. For secure trading and custody of any adjusted shares after a split, consider using Bitget for trading and Bitget Wallet for custody of related tokens or web3 assets.

Note: this article is factual and descriptive. It does not offer investment advice.

Background — What is a stock split?

A stock split is a corporate action that changes the number of outstanding shares of a company while proportionally adjusting the per-share price so that the company’s overall market capitalization remains, in theory, unchanged immediately after the split.

• Forward split: The company increases the number of shares outstanding and reduces the price per share by the same ratio (for example, a 3-for-1 split turns 1 share into 3 shares and reduces the price to one-third). Typical motives include improving perceived affordability for retail investors and increasing trading liquidity.
• Reverse split: The company consolidates shares and reduces the number of shares outstanding (for example, a 1-for-10 reverse split converts 10 old shares into 1 new share). This is often used to raise the per-share price, sometimes to meet exchange listing rules.

Typical mechanical effects:

• Shares outstanding: Multiply or divide by the split ratio.
• Per-share price: Adjust inversely by the split ratio.
• Market capitalization: Generally unchanged immediately after the split (market forces may change the price later).
• Shareholder accounts: Brokerages and custodians automatically adjust share counts and cost basis per share according to the split ratio.

Motivations (common):

• Improve liquidity and broaden retail access when the per-share price rises very high.
• Increase attractiveness for certain investor groups or option market mechanics.
• Reverse splits may be used to maintain listing standards when prices fall.

All of the above are general corporate finance facts and apply to most U.S.-listed companies, including Progressive.

Progressive (PGR) — historical stock-split record

Progressive has a documented history of stock splits in its earlier decades. Split-history sources list the following events (please verify details against Progressive’s corporate records, IR pages, and SEC filings for absolute authority):

• December 9, 1992 — 3-for-1 split (listed source: StockSplitHistory)
• April 23, 2002 — 3-for-1 split (listed source: StockSplitHistory)
• May 19, 2006 — 4-for-1 split (listed source: StockSplitHistory)
• January 27, 2014 — listed in some split-history compilations but flagged for verification against primary filings (this entry should be confirmed with Progressive’s Investor Relations or SEC filings)

Important editorial note for accuracy: historical split ratios and dates should be validated against authoritative primary sources before publication as definitive facts on any official site. Stock-split summary tables compiled by third-party aggregators are useful starting points but are not substitutes for company press releases and SEC forms.

2024 — what the public filings and news releases show

As of December 31, 2024, the Progressive Investor Relations news archive and SEC filings for 2024 were reviewed for any announcement of a stock split. The public materials for 2024 include routine dividend declarations, quarterly and monthly results releases, and the company’s proxy statement. None of these 2024 documents contained an announcement or indication that Progressive had planned, approved, or executed a stock split in 2024.

To be precise about the documents examined:

• Progressive published dividend notices during 2024 (for example, a March 4, 2024 dividend announcement and a December 9, 2024 dividend-related release). These items do not constitute stock-split announcements.
• Progressive released monthly and quarterly results in 2024 (March, April, May, and October 2024 releases were specifically checked). These operational and financial releases did not include stock-split declarations.
• Progressive’s 2024 proxy statement (Schedule 14A dated March 25, 2024) was reviewed; it did not include proposals or disclosures about increasing authorized shares for a split or any planned split.

As a standard practice, a credible stock-split announcement would appear as a standalone press release on the company’s Investor Relations news page and would typically be accompanied by an SEC Form 8-K. Neither such press release nor an 8-K describing board action on a split was found in 2024 public filings related to Progressive.

As of 2024-12-31, according to Progressive Investor Relations and available SEC filings, no Progressive stock split in 2024 was announced or implemented.

Specific documents and where they were checked

For transparency, these are the specific document categories and example items that were checked when compiling this report. An official split announcement would typically be present in one or more of these places.

• Progressive Investor Relations — News & Press Release Archive (all 2024 entries scanned; example: March 4, 2024 dividend announcement; December 9, 2024 dividend/news release).
• Progressive — Dividend History page (2024 dividend entries checked for any split-like notation).
• Progressive SEC filings — Schedule 14A (proxy statement) dated March 25, 2024; reviewed for proposals or notes regarding share authorization or split intent.
• Progressive — Monthly/Quarterly Results releases (March, April, May, October 2024 results releases reviewed for any business update mentioning splits).
• SEC EDGAR (Form 8-K) — searched for any filings that would accompany a split (no split-related 8-Ks identified in 2024 in the materials checked).
• Third-party split-histories and data aggregators (used for historical split reference only; all historical entries flagged for confirmation against primary filings).

Reminder: An official stock-split action is commonly announced via a company press release and reported in a Form 8-K. If share-authorizing changes require shareholder approval, the proxy (Schedule 14A) would disclose the proposal.

How companies typically announce and implement stock splits

Understanding the normal lifecycle of a stock split helps investors know where to look and what documents to expect. The typical steps include:

1. Board deliberation and approval: The company’s board of directors approves a split ratio and sets key dates (if shareholder approval is not required). For forward splits within the company’s authorized share limits, shareholder approval is often not needed; for actions that change the number of authorized shares, shareholder vote may be necessary.
2. Public announcement: A press release is issued and posted on the company’s Investor Relations page. That release will include the split ratio, record date, ex-date, and effective date (or indicate that a shareholder vote is required and provide details).
3. SEC reporting: The company files a Form 8-K to disclose material corporate events, including board actions to split stock. If shareholder approval is required, the proxy (Schedule 14A) will include the relevant proposal.
4. Exchange and broker notice: The exchange (e.g., NYSE) and brokerage firms receive notification so they can handle ticker adjustments, share count adjustments, and the ex-date.
5. Ex-date and record date: The ex-date determines when the share will trade adjusted for the split. The record date is when ownership is evaluated for benefits of the split if applicable.
6. Effective trade adjustments: On the ex-date or the effective date specified, brokerages update shareholder account balances to reflect the adjusted number of shares and adjusted per-share price.

Investors should rely on the company press release and associated SEC filing as the authoritative source for exact dates and ratio. Third-party news reports may relay the same information but should be cross-checked with official filings.

How to verify a Progressive stock split (practical checklist)

If you want to confirm whether Progressive will split stock in 2024 (or in any year), follow these practical, step-by-step verification actions. Use the checklist to ensure you rely on primary sources.

1. Check Progressive’s official Investor Relations news page.

   • Look for a press release explicitly announcing a split and giving a split ratio, ex-date, and effective date.
   • Official press releases are the first and primary place to confirm.

2. Search SEC EDGAR for Progressive (ticker PGR).

   • Look for a Form 8-K (current report) referencing a stock split, board approval, or changes in authorized capital.
   • If a shareholder vote is needed, check the Schedule 14A (proxy statement) for a proposal regarding authorized shares or split approvals.

3. Review the company’s press releases and investor presentations.

   • Presentations or investor day materials sometimes preview capital allocation plans; however, only a press release or 8-K is authoritative for a split.

4. Check the stock exchange notices.

   • The exchange that lists Progressive (e.g., NYSE) will typically post notices of ex-date and adjustments; brokerages also provide ex-date notifications.

5. Monitor major financial news wires and filings aggregators.

   • Reputable business press and filings aggregators will echo and reproduce press release details. Cross-check these with the company’s press release and 8-K.

6. Confirm in your brokerage account or custodial statement after the ex-date/effective date.

   • If a split occurs, your brokerage will adjust the number of shares and per-share cost basis automatically on or after the ex-date.

7. Preserve official notices for records.

   • Save the official press release and the Form 8-K for your own record-keeping and tax basis calculations.

8. For tax questions, consult a tax professional.

   • Splits are typically non-taxable events at the time they occur, but individual tax circumstances vary.

Using this checklist ensures you rely on primary, authoritative sources when confirming whether “will progressive stock split in 2024” or any similar question is true.

Potential signals and limitations of inferring a split

Some signs sometimes precede stock-split decisions, but none are definitive without company confirmation. Typical signals include:

• A long-term sustained rise in share price that may push per-share price into ranges management considers less accessible for retail investors.
• Strategic management commentary about improving liquidity or lowering barriers to purchase.
• Unusual attention from retail trading communities and media speculation.

Limitations and cautions:

• Signals and commentary are not an official action. Only a press release and an SEC filing (Form 8-K) confirm an actual split.
• Third-party websites may publish speculative timelines; always cross-check with company disclosures.
• Automatic assumptions based on price alone are risky; corporate governance, board priorities, and share-authority constraints all play a role.

Therefore, avoid assuming a split will happen until the company formally announces it.

Investor implications of a stock split

If Progressive were to implement a stock split, the typical impacts on shareholders would include:

• No immediate change in the shareholder’s proportional ownership or the company’s market capitalization solely because of the split.
• The number of shares you own would increase (forward split) or decrease (reverse split) proportionally to the announced ratio, with the per-share price adjusting inversely.
• No taxable event at the time of most splits (but consult a tax advisor for specific circumstances).
• Potential short-term trading effects: increased perceived affordability can sometimes increase retail demand; however, market reaction varies and is not guaranteed.
• Operational convenience: brokerage accounts and option contracts will be adjusted according to standard market rules; trading symbols may be temporarily annotated for adjustments.

For holders of derivative instruments (options), a split will also trigger standardized adjustments to strike prices and contract sizes as administered by the options clearing organization.

All of the above are general outcomes; the actual market impact and timelines depend on the specifics of any announced split.

Conclusion and recommended next steps

Based on a review of Progressive Investor Relations materials and SEC filings through December 31, 2024, there is no confirmed Progressive stock split in 2024. To stay updated about whether Progressive will split stock in 2024 or later:

• Regularly monitor Progressive’s official Investor Relations news page and SEC filings (Form 8-Ks and Schedule 14A).
• Watch for an 8-K and a press release as the authoritative announcement format.
• Use your brokerage account notices and exchange announcements to confirm ex-date and effective date once a split is announced.

If you trade or plan to hold shares at the time of any corporate action, ensure your trading and custody are handled by a trusted platform. For secure, reliable trading services and custody solutions, consider Bitget and Bitget Wallet when you need exchange or wallet services to manage adjusted holdings or related web3 assets.

Further monitoring steps: add Progressive’s IR RSS or email alerts if available, set an SEC EDGAR alert for PGR filings, and follow major business news wires for replicated reporting that references the official press release and 8-K.

References and sources checked

As of 2024-12-31, the following primary sources were checked during preparation of this article (dates indicate the document date when available):

• StockSplitHistory — Progressive stock split history (historical split-date table referenced for past splits).
• Progressive Investor Relations — Dividend history and press release archive (example press releases: March 4, 2024 dividend announcement; December 9, 2024 dividend/news release).
• Progressive — Monthly/Quarterly results releases: March 2024 results release, May 2024 release, October 2024 release (checked for any split notice).
• Progressive SEC filing — Schedule 14A (proxy statement) dated March 25, 2024 (reviewed for share authorization proposals or split-related disclosures).
• SEC EDGAR (Form 8-K) — checked for any 2024 filings that would disclose a split (no split-related 8-K discovered in the documents reviewed).
• Exchange notices and broker updates — general guidance on where ex-date and adjustments would appear in the event of a split.

Editors should verify historical split entries (notably the 2014 entry flagged in some secondary sources) against Progressive’s primary filings before publishing definitive historical lists.

Appendix A — Quick glossary

• Ex-date (ex-dividend / ex-split date): The date on which a share begins trading without the value of the corporate action attached. For splits, the ex-date determines which traders have their holdings adjusted when the market opens on that date.
• Record date: The date on which the company determines shareholder eligibility for the corporate action.
• Effective date: The date when the split adjustments are reflected in shareholder accounts and the market.
• Forward split: Company increases the number of outstanding shares (e.g., 2-for-1, 3-for-1).
• Reverse split: Company consolidates shares to reduce outstanding share count (e.g., 1-for-10).

Appendix B — Example hypothetical split timeline (illustrative only)

• Announcement date (Day 0): Company press release and Form 8-K announce a 3-for-1 split, record date, and ex-date.
• Record date (Day 30): Company records who is eligible for the split benefits.
• Ex-date (Day 32): Shares begin trading at the adjusted price; brokerages reflect adjusted share counts either on Day 32 or shortly thereafter.
• Effective date (Day 33): Shareholder accounts fully updated; market trading reflects the split.

Notes for editors

• Confirm all historical split dates and ratios against Progressive’s primary filings or archived press releases. The 2014 split entry in some third-party sources should be cross-checked before being presented as authoritative.
• Figures such as market capitalization and average daily volume change daily; include a "data as of" date if citing numeric values.
• Maintain neutral, factual tone; avoid investment recommendations.

As of 2024-12-31, according to Progressive Investor Relations and the company’s public SEC filings, there was no Progressive stock split in 2024. Continue monitoring the official IR page, SEC EDGAR filings, and broker/exchange notices for authoritative confirmation of any future split.