PROG Holdings, Inc (PRG) To Go Ex-Dividend on August 18th

PROG Holdings, Inc (NYSE:PRG) declared 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

PROG has decreased its dividend 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% indicating that 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 Stock Performance

PRG opened at $43.42 on Friday. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The firm has a market cap of $1.74 billion, a PE ratio of 11.99 and a beta of 1.79. The business has a fifty day simple moving average of $41.94 and a 200-day simple moving average of $35.84. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73.

PROG (NYSE:PRG) last announced its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The company had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. 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 predict that PROG will post 4.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PRG. B. Riley Financial boosted their price objective on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $60.00 in a research note on Wednesday, July 8th. Finally, TD Cowen increased their price target on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.