Progress Software Corporation

S&P 500

PRGS/Technology · Software - Infrastructure/NASDAQ

Dividend Yield

2.53%

$0.70 · Annual Dividend

Stock Price$29.81P/E15.2MCap1.2BLast update: Jun 26, 2026 at 06:56

Dividend Safety Rating

Safe

Dividend Safety Rating

PRGS's dividend appears safe and well-supported. Strengths include a 0.0% earnings payout ratio & 0.2% fcf payout ratio. Areas of concern: 2.2x interest coverage & 54.3% net debt / total assets.

Based on 15 of 15 metrics

Strengths

Earnings Payout Ratio: 0.0%Low earnings payout ratio leaves room to grow the dividend.
FCF Payout Ratio: 0.2%Free cash flow comfortably covers the dividend.
CFO Payout Ratio: 0.4%Operating cash flow strongly supports the payout.

Risks

Current Ratio: 0.5xLimited short-term liquidity to meet obligations.
Interest Coverage: 2.2xInterest coverage is thin relative to debt servicing.
Net Debt / Total Assets: 54.3%Net debt is high relative to total assets.

Payout & Coverage

Safe

Earnings Payout Ratio

0.0%Very Safe

FCF Payout Ratio

0.2%Very Safe

CFO Payout Ratio

0.4%Very Safe

Interest Coverage

2.2xWarning

Balance Sheet

Warning

Net Debt / Total Assets

54.3%Warning

Current Ratio

0.5xDanger

Debt-to-Equity

275.8Warning

Profitability

Safe

Return on Equity

18.3%Safe

Operating Margin

19.9%Safe

Gross Margin

82.3%Very Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Safe

9+ yrsSafe

NoneVery Safe

2.0%Caution

StableSafe

About Progress Software Corporation

Progress Software Corporation is a software company that develops, deploys, and manages AI-powered applications and digital experiences for businesses worldwide. Its portfolio includes key products such as OpenEdge, a platform for building business applications and database management; Chef, a DevOps and DevSecOps automation tool; Corticon, a decision automation platform; DataDirect, secure data connectivity solutions for relational, NoSQL, big data, and SaaS sources; and developer tools like Telerik and Kendo UI for web, desktop, and mobile applications. Additional offerings encompass Kemp LoadMaster for load balancing, MOVEit for managed file transfer, MarkLogic for database services, Sitefinity for web content management, WhatsUp Gold for network monitoring, Flowmon for network visibility, ShareFile for file sharing, Semaphore for continuous delivery, and AI innovations including Nuclia for agentic RAG technology and AI coding assistants. Progress Software Corporation serves enterprise customers across sectors like government, defense, and public sector through its Progress Federal Solutions subsidiary, providing application modernization, data management, analytics, business intelligence, and SaaS enablement. Founded in 1981 and headquartered in Burlington, Massachusetts, the company operates globally, supporting organizations in achieving agility and innovation in AI-driven environments.

Dividend Overview

Dividend Yield

2.53%

Annual Dividend

$0.70

Frequency

Quarterly

Payout Ratio

0.00%

FCF Payout Ratio

0.24%

52-Week Range

$23.82 - $65.50

Dividend History (2016–2025)

PRGS annual dividend per share and yield history

Earnings & Profitability

PRGS earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

August 30, 2024

Last Payment Date

September 16, 2024

Dividend Growth

3-Year Dividend CAGR

-9.14%

5-Year Dividend CAGR

2.02%

10-Year Dividend CAGR

N/A

3-Year Total Growth

-25.00%

5-Year Total Growth

10.53%

10-Year Total Growth

N/A

Income Calculator

PRGS Dividend Calculator

Number of Shares

Total Investment

$2,981.00

Annual Income

$70.00

Quarterly Income

$17.50

Monthly Income

$5.83

Frequently Asked Questions

What is PRGS's current dividend yield?

Progress Software Corporation (PRGS) currently has a dividend yield of 2.53%, based on a stock price of $29.81 and an annual dividend of $0.70.

When is PRGS's next dividend payment date?

PRGS's next ex-dividend date is 2024-08-30 and the next payment date is 2024-09-16. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does PRGS pay in dividends per year?

Progress Software Corporation paid $0.53 per share in annual dividends in 2024. The dividends are paid quarterly.

Has PRGS been increasing its dividend?

Progress Software Corporation has grown its dividend at a 5-year CAGR of 2.02%.

Is PRGS's dividend safe?

Progress Software Corporation has a payout ratio of 0.00%. Its free cash flow payout ratio is 0.24%. A payout ratio below 60% is generally considered sustainable.

How is PRGS's Dividend Safety Rating calculated?

The Dividend Safety Rating evaluates Progress Software Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for technology companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

Track PRGS Dividends with OnlyDividends

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.