PRGS dividend stats
vs. Technology sector
Dividend yield
PRGS has a dividend yield of 1.36% which is below the Technology sector, the industry and its peers average. Compared to its Technology sector average of 1.81%, Progress Software's dividend yield is 25% lower. Historically PRGS's dividend yield has averaged at 1.4% in the last 5 years, which is similar to the current yield.
Dividend history
Progress Software has a history of paying dividends since 2016. Our records of PRGS show that the company has issued two dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price down by 3.4% from a year ago, the dividend yield marks an increase of 3.6%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 30, 2024 | $0.175 | 1.2% |
| Jun 3, 2024 | $0.175 | 1.39% |
| Feb 29, 2024 | $0.175 | 1.31% |
| Nov 30, 2023 | $0.175 | 1.3% |
| Aug 31, 2023 | $0.175 | 1.15% |
| May 31, 2023 | $0.175 | 1.17% |
| Feb 28, 2023 | $0.175 | 1.22% |
Progress Software dividend payout ratio
Payout ratio
PRGS has a payout ratio of 44.3% which is higher than the Technology sector and the industry average but lower than its peers average. In comparison with the Technology sector average of 37.7%, Progress Software's payout ratio is 18% higher.
Total amount of dividends paid per financial year (from cash flow)
PRGS dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HPQ Hp Inc | 4.07% | $1.13 | 40.4% |
| IBM International Business Machines Corp | 2.68% | $6.68 | 102.1% |
| PRGS Progress Software Corp | 1.21% | $0.7 | 44.3% |
| ORCL Oracle Corp | 1.13% | $1.6 | 36.4% |
| MSFT Microsoft Corp | 0.83% | $3.16 | 25.3% |
Frequently asked questions
Does Progress Software pay a dividend?
Progress Software has paid two dividends in the last 12 months.
When was PRGS's last dividend?
Progress Software's last dividend ex-date was on Aug 30, 2024. The dividend amount was $0.175 per share.
How much dividend does Progress Software pay (per share)?
On an annual basis PRGS pays $0.7 per share.
What is Progress Software's dividend yield?
The current dividend yield of Progress Software is 1.36%.
How often does Progress Software pay dividends?
Progress Software pays dividends quarterly.
What is Progress Software's dividend payout ratio?
The dividend payout ratio of Progress Software is 44.3%.
Does Progress Software pay a good dividend?
Progress Software's dividend yield is below the Technology sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.