Read the following article:

• Carlson, C. B. (2006). A progressive dividend policy. DRIP Investor, 15(5), 1 ??” 8.

Using information from the article, write a four page report that addresses the following points:

• Analyze the three factors that Progressive Corporation will use to calculate dividends.

• Why is it called a ‘variable’ dividend policy?

• Will the dividends paid by Progressive Corporation increase or decrease? Why?

• What would change if Progressive Corporation used another dividend policy?

4 pages will be APA style. 300 words per page. Paper can’t have quotes. One inch margins.