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Progress Software (Progress Software) Dividend Yield % : 1.38% (As of Apr. 26, 2024)


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What is Progress Software Dividend Yield %?

As of today (2024-04-26), the Trailing Annual Dividend Yield of Progress Software is 1.38%.

The historical rank and industry rank for Progress Software's Dividend Yield % or its related term are showing as below:

PRGS' s Dividend Yield % Range Over the Past 10 Years
Min: 0.39   Med: 1.42   Max: 2.14
Current: 1.38

During the past 13 years, the highest Dividend Yield of Progress Software was 2.14%. The lowest was 0.39%. And the median was 1.42%.

PRGS's Dividend Yield % is ranked worse than
58.72% of 935 companies
in the Software industry
Industry Median: 1.72 vs PRGS: 1.38

Progress Software's Dividend Payout Ratio for the three months ended in Feb. 2024 was 0.14.

During the past 13 years, the highest Dividend Payout Ratio of Progress Software was 1.15. The lowest was 0.16. And the median was 0.40.

As of today (2024-04-26), the Forward Dividend Yield % of Progress Software is 1.38%.

Progress Software's Dividends per Share for the three months ended in Feb. 2024 was $0.18.

During the past 3 years, the average Dividends Per Share Growth Rate was 1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Progress Software was 71.50% per year. The lowest was 1.50% per year. And the median was 6.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Progress Software Dividend Yield % Historical Data

The historical data trend for Progress Software's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Progress Software Dividend Yield % Chart

Progress Software Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 1.67 1.44 1.31 1.30

Progress Software Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.22 1.17 1.15 1.30 1.31

Competitive Comparison of Progress Software's Dividend Yield %

For the Software - Infrastructure subindustry, Progress Software's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Progress Software's Dividend Yield % Distribution in the Software Industry

For the Software industry and Technology sector, Progress Software's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Progress Software's Dividend Yield % falls into.



Progress Software Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Progress Software Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1752024-02-292024-03-012024-03-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1752023-11-302023-12-012023-12-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1752023-08-312023-09-012023-09-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1752023-05-312023-06-012023-06-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Progress Software's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.7/50.70
=1.38 %

Current Share Price is $50.70.
Progress Software's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.7.

Progress Software's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.7/50.70
=1.38 %

Current Share Price is $50.70.
Progress Software's Dividends per Share for the forward twelve months is calculated as $0.175 * 4 = $0.7.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Progress Software  (NAS:PRGS) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Progress Software Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Progress Software's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Progress Software (Progress Software) Business Description

Traded in Other Exchanges
Address
15 Wayside Road, Suite 400, Burlington, MA, USA, 01803
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Executives
Domenic Lococo officer: Chief Accounting Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Sundar Subramanian officer: EVP/GM DevSecOps C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Ian Pitt officer: Chief Information Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Kathryn Kulikoski officer: CHIEF PEOPLE OFFICER C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Yufan Stephanie Wang officer: Chief Legal Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Anthony Folger officer: Chief Financial Officer C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Loren Jarrett officer: Chief Marketing Officer C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Charles Francis Kane director 14 OAK PARK DRIVE, BEDFORD MA 01730
Yogesh K Gupta director, officer: Chief Executive Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Jeremy Segal officer: Senior Vice President C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Jennifer Ortiz officer: EVP, Corporate Marketing C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John R Egan director 176 SOUTH ST., HOPKINTON MA 01748
John Ainsworth officer: Senior Vice President C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Gary Quinn officer: Senior Vice President C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Ranier Gawlick director 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359