PROG Holdings, Inc Declares Quarterly Dividend of $0.14 (NYSE:PRG)

by · The Cerbat Gem

PROG Holdings, Inc (NYSE:PRG – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.14 per share by the fintech holding company on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th.

PROG has decreased its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 2 years. PROG has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PROG to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 10.1%.

PROG Price Performance

PRG opened at $45.79 on Thursday. The company’s 50-day simple moving average is $41.81 and its two-hundred day simple moving average is $35.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.29 and a current ratio of 4.03. The stock has a market capitalization of $1.83 billion, a P/E ratio of 12.65 and a beta of 1.79. PROG has a 52-week low of $25.80 and a 52-week high of $47.73.

PROG (NYSE:PRG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. The firm had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, analysts predict that PROG will post 4.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PRG shares. Stephens increased their price target on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 price target on shares of PROG in a research report on Thursday, April 30th. Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $60.00 in a report on Wednesday, July 8th. Finally, Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and an average target price of $49.44.

View Our Latest Report on PROG

PROG Company Profile

(Get Free Report)

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

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