Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Progress Software Dividend Announcement
• Progress Software announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-30
• Progress Software annual dividend for 2024 was $0.52
• Progress Software annual dividend for 2023 was $0.70
• Progress Software's trailing twelve-month (TTM) dividend yield is 1.0%
• Progress Software's payout ratio for the trailing twelve months (TTM) is 38.36%
• Progress Software's dividend growth over the last five years (2018-2023) was 4.01% year
Progress Software Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-30 | $0.17 | quarterly | 2024-09-16 |
| 2024-06-03 | $0.17 | quarterly | 2024-06-17 |
| 2024-02-29 | $0.17 | quarterly | 2024-03-15 |
| 2023-11-30 | $0.17 | quarterly | 2023-12-15 |
| 2023-08-31 | $0.17 | quarterly | 2023-09-15 |
| 2023-05-31 | $0.17 | quarterly | 2023-06-15 |
| 2023-02-28 | $0.17 | quarterly | 2023-03-15 |
| 2022-11-30 | $0.17 | quarterly | 2022-12-15 |
| 2022-08-31 | $0.17 | quarterly | 2022-09-15 |
| 2022-05-31 | $0.17 | quarterly | 2022-06-15 |
| 2022-02-28 | $0.17 | quarterly | 2022-03-15 |
| 2021-11-30 | $0.17 | quarterly | 2021-12-15 |
| 2021-08-31 | $0.17 | quarterly | 2021-09-15 |
| 2021-05-28 | $0.17 | quarterly | 2021-06-15 |
| 2021-02-26 | $0.17 | quarterly | 2021-03-15 |
| 2020-11-30 | $0.17 | quarterly | 2020-12-15 |
| 2020-08-31 | $0.17 | quarterly | 2020-09-15 |
| 2020-05-29 | $0.17 | quarterly | 2020-06-15 |
| 2020-02-28 | $0.17 | quarterly | 2020-03-16 |
| 2019-11-29 | $0.17 | quarterly | 2019-12-16 |
| 2019-08-29 | $0.15 | quarterly | 2019-09-16 |
| 2019-05-31 | $0.15 | quarterly | 2019-06-17 |
| 2019-02-28 | $0.15 | quarterly | 2019-03-15 |
| 2018-11-30 | $0.15 | quarterly | 2018-12-17 |
| 2018-08-30 | $0.14 | quarterly | 2018-09-17 |
| 2018-05-31 | $0.14 | quarterly | 2018-06-15 |
| 2018-02-28 | $0.14 | quarterly | 2018-03-15 |
| 2017-11-30 | $0.14 | quarterly | 2017-12-15 |
| 2017-08-30 | $0.12 | quarterly | 2017-09-15 |
| 2017-05-30 | $0.12 | quarterly | 2017-06-15 |
| 2017-02-27 | $0.12 | quarterly | 2017-03-15 |
| 2016-11-29 | $0.12 | quarterly | 2016-12-15 |
Progress Software Dividend per year
Progress Software Dividend growth
Progress Software Dividend Yield
Progress Software current trailing twelve-month (TTM) dividend yield is 1.0%. Interested in purchasing Progress Software stock? Use our calculator to estimate your expected dividend yield:
Progress Software Financial Ratios
P/E ratio36.26
PEG ratio21.64
P/B ratio7.04
ROE18.90%
Payout ratio38.36%
Current ratio1.23
Quick ratio1.23
Cash Ratio0.74
Progress Software Dividend FAQ
How much is the next Progress Software dividend?
Progress Software's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Progress Software dividend. The next Progress Software dividend will be released in February, May, August, or November.
When is Progress Software dividend paid?
Progress Software pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Progress Software pay?
The specific amount of Progress Software dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Progress Software's dividend history.
Does Progress Software stock pay dividends?
Yes, Progress Software does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Progress Software's dividend history.
How much dividend does Progress Software pay?
Progress Software paid $0.525 in 2024, $0.7 in 2023, $0.7 in 2022, $0.7 in 2021, and $0.67 in 2020.
How often does Progress Software pay dividends?
Progress Software typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Progress Software's dividend yield?
The current dividend yield for Progress Software is 1.0%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Progress Software's exact dividend yield.
When does Progress Software go ex dividend?
Progress Software's ex-dividend date for the latest dividend was on 2024-08-30. Progress Software typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Progress Software dividend paid?
Progress Software pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Progress Software increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Progress Software will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Progress Software dividend per share?
Progress Software paid $0.525 per share in 2024 and $0.7 per share in 2023. The amount of dividend per share that Progress Software pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Progress Software a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Progress Software a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Progress Software a dividend stock?
Yes, Progress Software is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Progress Software a good dividend stock?
Whether Progress Software is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Progress Software has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Progress Software as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Progress Software as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Progress Software pay dividends monthly?
Progress Software typically pays dividends on a quarterly basis.
Does Progress Software pay dividends quarterly?
Progress Software currently pays dividends on a quarterly basis.
Has Progress Software ever paid a dividend?
Yes, Progress Software has a history of paying dividends to its shareholders. Progress Software is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Progress Software dividend stocks?
To buy Progress Software you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Progress Software stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Progress Software stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Progress Software pay dividends 2024?
Progress Software pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Progress Software increase its dividend in 2024?
Decisions regarding Progress Software dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Progress Software dividend overview you can look into the above table of dividend history.
How Progress Software dividend works?
The Progress Software dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Progress Software's dividend process works:
1. Determination of Dividend: Progress Software's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Progress Software publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Progress Software distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Progress Software are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Progress Software's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Progress Software publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Progress Software distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Progress Software are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Progress Software dividends paid?
Progress Software dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Progress Software sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Progress Software distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Progress Software declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Progress Software sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Progress Software distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Progress Software declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Progress Software pay dividends?
Progress Software typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Progress Software pay dividends?
The general pattern is that Progress Software pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Progress Software dividend safe?
The safety of Progress Software's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Progress Software's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Progress Software's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Progress Software's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Progress Software's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.