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Progress Software (PRGS) Dividend Yield, Date & History

Progress Software logo
$66.30 +1.01 (+1.55%)
(As of 12:16 PM ET)

Progress Software Dividend Summary

Dividend Yield
1.06%
Annual Dividend
$0.70
Recent
Dividend Payment
Sep. 16
Annualized 3-Year
Dividend Growth
1.47%
Dividend Payout Ratio
37.43%

Progress Software (PRGS) pays an annual dividend of $0.70 per share, with a dividend yield of 1.06%. The next quarterly payment of $0.1750 per share was paid on Monday, September 16, to investors who owned the stock before the ex-dividend date of Friday, August 30. The company currently pays out 37.43% of its earnings and 11.77% of its cash flow as dividends.

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PRGS Dividend Payments by Quarter

The chart below displays up to four years of Progress Software's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

PRGS Dividend Yield Over Time

The chart below tracks Progress Software's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Progress Software vs. The Competition

Compare Progress Software's annual dividend, yield, and 3-year growth rate with averages for Computer and NASDAQ companies to evaluate its performance against the market.

TypeProgress SoftwareComputer CompaniesNASDAQ Companies
Annual Dividend$0.70$0.03$1.30
Dividend Yield1.09%2.79%4.30%
Annualized 3-Year Dividend Growth1.47%12.57%14.22%

Progress Software Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings37.43%
Based on This Year's Estimate17.68%
Based on Next Year's Estimate14.96%
Based on Cashflow12.12%

Progress Software Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
6/18/2024Quarterly$0.1750 - 1.27%8/30/20249/2/20249/16/2024
3/19/2024Quarterly$0.1750 - 1.33%6/3/20246/3/20246/17/2024
1/9/2024Quarterly$0.1750 - 1.24%2/29/20243/1/20243/15/2024
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9/20/2023quarterly$0.1750 - 1.26%11/30/202312/1/202312/15/2023
6/21/2023quarterly$0.1750 - 1.28%8/31/20239/1/20239/15/2023
3/17/2023Quarterly$0.1750 - 1.26%5/31/20236/1/20236/15/2023
1/17/2023Quarterly$0.1750 - 1.35%2/28/20233/1/20233/15/2023

This table shows Progress Software's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Progress Software Dividend - Frequently Asked Questions

The current dividend yield for Progress Software is 1.09%. Learn more on PRGS's dividend yield history.

The annual dividend for PRGS shares is $0.70. Learn more on PRGS's annual dividend history.

Progress Software pays quarterly dividends to shareholders.

Progress Software's most recent quarterly dividend payment of $0.1750 per share was made to shareholders on Monday, September 16, 2024.

Progress Software's most recent ex-dividend date was Friday, August 30, 2024.

Over the past three years, the company's dividend has grown by an average of 1.47% per year.

The most recent change in the company's dividend was an increase of $0.01 on Tuesday, September 29, 2020.

The dividend payout ratio for PRGS is:
  • 37.43% based on the trailing year of earnings
  • 17.68% based on this year's estimates
  • 14.96% based on next year's estimates
  • 12.12% based on cash flow

Progress Software's dividend yield of 1.06% is lower than the average Computer and Technology company that issues a dividend. Progress Software's dividend payout ratio of 37.43% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Progress Software stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NASDAQ:PRGS) was last updated on 12/24/2024 by MarketBeat.com Staff
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