PROG Holdings, Inc (PRG) to Issue Quarterly Dividend of $0.14 on September 3rd

PROG Holdings, Inc (NYSE:PRG) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.14 per share by the fintech holding company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, August 18th.

PROG has decreased its dividend 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. 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

Shares of PRG stock opened at $42.60 on Friday. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.77 and a beta of 1.79. 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’s 50-day simple moving average is $42.74 and its 200-day simple moving average is $36.22.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that PROG will post 4.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PRG shares. KeyCorp raised their price target on shares of PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Stephens boosted their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, July 1st. Wall Street Zen upgraded PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, B. Riley Financial lifted their price target on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Company Profile

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.