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 670 days ago, on September 16, 2024.
- Yield & Schedule: PRGS currently pays dividends quarterly with an annual yield of 1.73%.
- 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
A Progress Software survey of 304 U.S. lawyers reveals that while 85% have adopted AI tools, 77% still rely heavily on manual processes and 73% report workflows with too many steps. The report highlights significant opportunities for legal firms to modernize by integrating AI with streamlined processes, improving client intake (currently taking 4...
Progress Software stock surged 19.46% after the company reported better-than-expected fiscal Q2 earnings and sales, beating Wall Street estimates. The software specialist also raised its full-year guidance for sales, earnings per share, and free cash flow, citing strong demand across its product portfolio and AI-powered offerings.
Progress Software's Agentic RAG platform has won the 2026 AI Excellence Award in the Retrieval-Augmented Generation category. The SaaS platform transforms unstructured data into a governed intelligence foundation for enterprise use, with applications in search, compliance, and customer support. The award recognizes Progress's innovation in making...
U.S. stock futures rose on Monday following Friday's sharp sell-off, with major indices recovering from correction territory. President Trump suggested the U.S. could seize Iran's oil infrastructure while characterizing Iran's new leaders as 'very reasonable.' Markets are pricing in a 96.4% likelihood of unchanged Fed rates in April. Key movers i...
U.S. stock futures rose on Monday following Friday's sharp sell-off, with major indices recovering from correction territory. President Trump's comments about Iran's new leaders being 'very reasonable' and potential oil agreements provided some market optimism. Key movers included Palantir (partnership expansion), Rezolve AI (raised revenue outlo...
