PROG Holdings, Inc (PRG) To Go Ex-Dividend on November 17th

PROG Holdings, Inc (NYSE:PRG) announced a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.14 per share by the fintech holding company on Tuesday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, November 17th.

PROG has decreased its dividend payment by an average of 0.4% annually over the last three years and has raised 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. Research analysts expect PROG to earn $5.58 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 10.0%.

PROG Stock Down 3.2%

PRG stock opened at $37.62 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of 10.14 and a beta of 1.83. The firm’s fifty day simple moving average is $33.91 and its 200-day simple moving average is $35.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.81 and a quick ratio of 2.25. PROG has a 12 month low of $25.18 and a 12 month high of $47.73.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, October 28th. The fintech holding company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). PROG had a return on equity of 22.01% and a net margin of 5.46%. The company had revenue of $725.78 million for the quarter, compared to analysts’ expectations of $735.28 million. As a group, equities research analysts forecast that PROG will post 4.77 earnings per share for the current year.

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides consumer payment and lease-to-own solutions through its operating businesses. Its services are designed to help consumers acquire household goods and other merchandise through retail stores, e-commerce websites and other merchant channels.

The company’s primary business is Progressive Leasing, a lease-to-own provider that gives consumers an alternative to traditional credit when purchasing products such as furniture, appliances, electronics, mattresses and other household merchandise.