STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
$0.70
Forward Annual Dividend Rate
$0.70
Yield
Trailing Annual Dividend Yield
1.21%
Forward Annual Dividend Yield
N/A
Dividend Date
Dividend Date
Sep 16, 2024
Ex-dividend Date
Aug 30, 2024
1.46 %
0.74
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Jun 18, 2024 | 0.175 | Aug 30, 2024 | Sep 02, 2024 | Sep 16, 2024 |
| Mar 19, 2024 | 0.175 | Jun 03, 2024 | Jun 03, 2024 | Jun 17, 2024 |
| Jan 16, 2024 | 0.175 | Feb 29, 2024 | Mar 01, 2024 | Mar 15, 2024 |
| Sep 26, 2023 | 0.175 | Nov 30, 2023 | Dec 01, 2023 | Dec 15, 2023 |
| Jun 29, 2023 | 0.175 | Aug 31, 2023 | Sep 01, 2023 | Sep 15, 2023 |
| Mar 28, 2023 | 0.175 | May 31, 2023 | Jun 01, 2023 | Jun 15, 2023 |
| Jan 17, 2023 | 0.175 | Feb 28, 2023 | Mar 01, 2023 | Mar 15, 2023 |
| Sep 23, 2022 | 0.175 | Nov 30, 2022 | Dec 01, 2022 | Dec 15, 2022 |
| Jun 21, 2022 | 0.175 | Aug 31, 2022 | Sep 01, 2022 | Sep 15, 2022 |
| Mar 29, 2022 | 0.175 | May 31, 2022 | Jun 01, 2022 | Jun 15, 2022 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split |
|---|---|---|---|
| Jan 31, 2011 | 3:2 | -0.84% | +4.91% |
| Jan 24, 2000 | 2:1 | -0.98% | -6.12% |
| Jul 14, 1998 | 3:2 | +0.34% | +2.41% |
| Nov 28, 1995 | 2:1 | +1.12% | -5.14% |
Frequently Asked Questions
Is Progress Software Corporation (PRGS) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. Progress Software Corporation is also among the companies that regularly pay dividends.
What is PRGS's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. PRGS's annual dividend yield for the trailing 12 months is 1.21.
When did PRGS last pay a dividend?
PRGS last paid dividends on 2024-09-16, with the ex-dividend date being 2024-08-30.
When was the last time PRGS stock split?
PRGS stock split took place on 31-01-2011.
How did PRGS's stock split work?
Its last split took place on Jan 31, 2011, when Progress Software Corporation went through a 3:2 split leaving the shareholder with 3 share(s) who previously owned 2 PRGS share(s).