PROG Holdings, Inc (PRG) To Go Ex-Dividend on May 19th

PROG Holdings, Inc (NYSE:PRG) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.14 per share by the fintech holding company on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th.

PROG has decreased its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. PROG has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Analysts expect PROG to earn $5.10 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 11.0%.

PROG Stock Performance

Shares of PROG stock opened at $33.20 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.07 and a beta of 1.83. The business has a fifty day simple moving average of $30.95 and a two-hundred day simple moving average of $31.16. PROG has a 12 month low of $25.80 and a 12 month high of $41.14.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. The firm had revenue of $742.67 million during the quarter, compared to analyst estimates of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, equities analysts forecast that PROG will post 4.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PROG

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in PROG by 142.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 62,609 shares of the fintech holding company’s stock worth $1,926,000 after buying an additional 36,788 shares in the last quarter. Vest Financial LLC bought a new stake in PROG in the 3rd quarter worth about $1,312,000. JPMorgan Chase & Co. increased its holdings in PROG by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 485,574 shares of the fintech holding company’s stock worth $15,713,000 after buying an additional 33,961 shares in the last quarter. Portolan Capital Management LLC bought a new stake in PROG in the 3rd quarter worth about $4,859,000. Finally, Denali Advisors LLC bought a new stake in PROG in the 3rd quarter worth about $2,686,000. 97.92% of the stock is currently owned by institutional investors.

About PROG

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.