PROG Holdings, Inc to Issue Quarterly Dividend of $0.14 (NYSE:PRG)

Key Points

• PROG Holdings declared a quarterly dividend of $0.14 per share, payable September 3 to shareholders of record on August 18. The dividend implies an annualized payout of $0.56 and a yield of approximately 1.2%.
• The dividend appears well covered, with a current payout ratio of 15.3% and an expected future payout ratio of 10.1%; the company has raised its dividend for the past two years.
• PROG’s latest quarterly results exceeded expectations, with earnings of $1.19 per share versus the $0.95 consensus and revenue of $719.72 million. The company guided for full-year 2026 earnings of $4.75–$5.00 per share.

PROG Holdings, Inc (NYSE:PRG - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 18th will be paid 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 1.2%. The ex-dividend date is Tuesday, August 18th.

PROG has decreased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 2 years. PROG has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.2%

PRG stock opened at $45.79 on Thursday. The company has a market capitalization of $1.83 billion, a P/E ratio of 12.65 and a beta of 1.79. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. PROG has a twelve month low of $25.80 and a twelve month high of $47.73. The firm has a 50 day simple moving average of $41.81 and a 200-day simple moving average of $35.77.

PROG (NYSE:PRG - Get Free Report) last released its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to the consensus estimate 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. On average, equities research analysts predict that PROG will post 4.95 earnings per share for the current fiscal year.

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.

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