Progress Software Corporation (PRGS) Dividends

Progress Software Corporation (PRGS): $67.22

0.58 (-0.86%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

A

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Industry: Software - Application

Industry

C

Ranked

#8 of 130

in industry

Dividend Yield and Dividend History Highlights

  • If you care about predictable cash flow, note that PRGS reports less variability in its free cash flow than 94.55% of the dividend stocks we're tracking.
  • If price volatilty is something you're paying attention to when building your dividend portfolio, know that PRGS has less fluctuation in its price than 88.27% of stocks we're observing.
  • As for stocks whose price is uncorrelated with PRGS's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: PPL, BF.B, WEN, CL and ATNI.
PRGS Ex-Dividend Date
PRGS Dividend Yield
1.09%
PRGS Annual Dividend
$0.70
PRGS Payout Ratio

PRGS Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$67.22$16.98 -61.74%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. As for PRGS, the DDM model generated by StockNews estimates a return of negative 61.74% in comparison to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Progress Software Corp are:

  • Beta tells us how volatile a stock's price is relative to the broader equity index; as for PRGS, approximately merely 21.91% of US-listed dividend issuers had a higher beta, and thus may have greater price volatility.
  • The stock's annual revenue of roughly $531 million puts it in the small-sized revenue class, where its estimated gain based on our dividend discount model price relative to its current share price is greater than merely 19.5% of companies in the same revenue class.


PRGS Dividend History

Ex-Dividend Date Type Payout Amount Change
2024-08-30Dividend$0.18--
2024-05-31Dividend$0.18--
2024-02-29Dividend$0.18--
2023-11-30Dividend$0.18--
2023-08-31Dividend$0.18--
2023-05-31Dividend$0.18--
2023-02-28Dividend$0.18--
2022-11-30Dividend$0.18--
2022-08-31Dividend$0.18--
2022-05-31Dividend$0.18--
2022-02-28Dividend$0.18--
2021-11-30Dividend$0.18--
2021-08-31Dividend$0.18--
2021-05-28Dividend$0.18--
2021-02-26Dividend$0.18--
2020-11-30Dividend$0.18+6.06%
2020-08-31Dividend$0.17--
2020-05-29Dividend$0.17--
2020-02-28Dividend$0.17--
2019-11-29Dividend$0.17+6.45%
2019-08-29Dividend$0.16--
2019-05-31Dividend$0.16--
2019-02-28Dividend$0.16--
2018-11-30Dividend$0.16+10.71%
2018-08-30Dividend$0.14--
2018-05-31Dividend$0.14--
2018-02-28Dividend$0.14--
2017-11-30Dividend$0.14+12.00%
2017-08-30Dividend$0.13--
2017-05-30Dividend$0.13--
2017-02-27Dividend$0.13--
2016-11-29Dividend$0.13--
2011-01-31Split
2000-01-24Split
1998-07-14Split
1995-11-28Split


PRGS Dividends vs. Peers

PRGS's dividend yield currently ranks #30 of 235 vs. its peers in the Software - Application category.
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