Progress Software Corp (DE)
PRGSProgress Software Corporation (PRGS) is a global provider of software solutions that enable enterprises to develop, deploy, and manage enterprise applications and data-driven solutions. Founded in 1981, the company specializes in application development, data connectivity, and modernization tools, offering a range of products including application development platforms, API management, and data integration services. Progress Software serves various industries such as financial services, healthcare, retail, and government, focusing on helping organizations accelerate digital transformation and improve operational efficiency.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 16, 2024 | $0.17 | 2024-08-30 | 2024-09-02 |
| June 17, 2024 | $0.17 | 2024-06-03 | 2024-06-03 |
| March 15, 2024 | $0.17 | 2024-02-29 | 2024-03-01 |
| December 15, 2023 | $0.17 | 2023-11-30 | 2023-12-01 |
| September 15, 2023 | $0.17 | 2023-08-31 | 2023-09-01 |
Dividends Summary
- Consistent Payer: Progress Software Corp (DE) has rewarded shareholders with 32 dividend payments over the past 8 years.
- Total Returned Value: Investors who held PRGS shares during this period received a total of $5.14 per share in dividend income.
- Latest Payout: The most recent dividend of $0.17/share was paid 494 days ago, on September 16, 2024.
- Yield & Schedule: PRGS currently pays dividends quarterly with an annual yield of 1.63%.
- Dividend Growth: Since 2016, the dividend payout has grown by 40.0%, from $0.12 to $0.17.
- Dividend Reliability: PRGS has maintained or increased its dividend for 32 consecutive payments.
Company News
Progress Software shares jumped 10.62% after reporting strong Q4 results with operating income surging 78% and adjusted EPS of $1.51, beating Wall Street estimates of $1.31. The company issued an upbeat fiscal 2026 guidance with expected revenue of $986 million to $1 billion and cash from operations of $263-277 million, citing strong positioning ...
Progress Software was recognized by Forrester Wave as a top digital experience platform vendor, highlighting its AI-powered capabilities in delivering personalized, dynamic digital experiences across multiple industries.
Progress Software launched its Q4 2025 release of Telerik and Kendo UI developer toolsets, introducing Agentic AI capabilities that enable developers to generate enterprise-grade screens from simple prompts, potentially reducing development cycles by up to 50%.
U.S. stock futures fell on Tuesday as a potential government shutdown looms, with lawmakers having until midnight to reach an agreement. Markets are anticipating potential Federal Reserve interest rate cuts and monitoring upcoming economic data releases.
Progress Software reported strong Q3 earnings with 40% revenue growth and raised full-year guidance, leading to a stock price increase in after-hours trading.
