Progress Software Corporation (PRGS) Dividends

Progress Software Corporation (PRGS)

Today's Latest Price: $38.66 USD

0.20 (-0.51%)

Updated Oct 20 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 96 in Software - Application

See all "A" rated Strong Buy stocks

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 97.13% of the dividend stocks we're tracking.
  • 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: WDFC, CHRA, ALRM, TUP and HX.
PRGS Ex-Dividend Date
PRGS Dividend Yield
1.70%
PRGS Annual Dividend
$0.66
PRGS Payout Ratio

PRGS Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$38.66$33.04 -17.09%

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. In the case of PRGS, the dividend discount model StockNews created for the company implies a negative return of 17.09%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Progress Software Corp are:

  • The amount of revenue Progress Software Corp earns annually is around 437 million; in terms of how this translates into revenue, it has a dividend yield higher than merely 23.13% of companies in the small revenue class.
  • A stock's beta generally indicates its volatility relative to the broader equity market; as for PRGS, approximately 87.77% of US-listed dividend issuers had a higher beta, and thus may have greater price volatility.

PRGS Dividend Chart


PRGS Dividend History

Ex-Dividend Date Type Payout Amount Change
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PRGS Dividends vs. Peers

PRGS's dividend yield currently ranks #9 of 114 vs. its peers in the Software - Application category.
Rank Symbol Name Dividend Yield
1 MFGP Micro Focus Intl PLC ADS each representing One Ord Sh 35.20%
2 NAP Navios Maritime Midstream Partners LP Common Units representing limited partner interests 20.14%
3 MNDO MIND C.T.I. Ltd. - Ordinary Shares 10.30%
4 AMSWA American Software, Inc. - 3.07%
5 MGIC Magic Software Enterprises Ltd. - Ordinary Shares 2.60%
6 TYPE Monotype Imaging Holdings Inc. 2.32%
7 CA CA Inc. 2.30%
8 EGOV NIC Inc. 1.78%
9 PRGS Progress Software Corporation 1.75%
10 OTEX Open Text Corporation 1.67%
11 ORCL Oracle Corporation 1.63%
12 CDK CDK Global, Inc. 1.36%
13 MSFT Microsoft Corporation 0.99%
14 SAP SAP SE ADS 0.81%
15 QADA QAD Inc. - 0.69%
16 LOGM LogMeIn, Inc. 0.37%
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