Progress Software stock dividend – Progress Software Corporation Declares Quarterly Dividend of $0.175 Per Share
January 18, 2023
Trending News ☀️
Progress Software Stock Fair Value – Progress Software ($NASDAQ:PRGS) Corporation has declared a quarterly dividend of $0.175 per share, consistent with the previous dividend. This dividend is payable on March 15 to shareholders of record as of March 1, with an ex-dividend date of February 28. To view the Progress Software Corporation Dividend Scorecard, Yield Chart, and Dividend Growth, please visit https://seekingalpha.com/news/3925199-progress-software-corporation-declares-missing-dividend?utm_source=vi.app&utm_medium=referral$bubbleId:40419. The forward yield for this dividend is 1.3%. Progress Software Corporation is a publicly traded American software company that develops and sells enterprise software products. The company provides a portfolio of software products and services designed to simplify enterprise application development and deployment. Progress Software’s offerings include Progress OpenEdge, a suite of development tools; Progress Corticon, a business rules engine; and Progress Kinvey, a mobile app platform. Progress Software’s products are used by organizations across the world to develop applications for web, mobile, cloud, and desktop platforms. The company also provides professional services, such as consulting, support, training, and implementation services.
Additionally, Progress Software provides comprehensive services to its customers in order to help them get the most out of their technology investments. The company’s solid financial position and strong cash flow generation capabilities provide investors with confidence that the dividend will be maintained. In addition to the dividend, investors may benefit from the potential upside of Progress Software’s stock price as the company continues to innovate and expand its presence in the enterprise software market.
Dividends – Progress Software stock dividend
This dividend yield of 1.53%, 1.62%, and 1.68% respectively reflects a steady increase over the past three years, culminating in an average dividend yield of 1.61%. The company has also taken steps to ensure that its dividend payments remain consistent and predictable despite potential market fluctuations. To meet this goal, PROGRESS SOFTWARE has implemented a dividend policy that provides shareholders with a steady stream of income as long as the company continues to meet its financial targets.
Additionally, PROGRESS SOFTWARE has been able to maintain its profitability despite the challenging economic climate in recent years, making it an attractive option for long-term investors. The company’s strong balance sheet and consistent cash flow have enabled it to continue to pay out dividends even during difficult times. Overall, PROGRESS SOFTWARE’s decision to declare a quarterly dividend of $0.175 per share is indicative of the company’s commitment to providing shareholders with a reliable source of income. This consistent stream of income is especially attractive in today’s uncertain economic environment, making PROGRESS SOFTWARE an attractive option for long-term investors seeking steady income from their investments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Progress Software. More…
| Total Revenues | Net Income | Net Margin |
| 585.01 | 86.29 | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Progress Software. More…
| Operations | Investing | Financing |
| 195.95 | -229.83 | -104.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Progress Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.35k | 979.32 | 8.53 |
Key Ratios Snapshot
Some of the financial key ratios for Progress Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | 12.6% | 20.9% |
| FCF Margin | ROE | ROA |
| 32.6% | 20.7% | 5.7% |
Stock Price
This news was well-received by the media, who have mostly expressed positive coverage of the company’s decision. On Tuesday, PROGRESS SOFTWARE stock opened at $53.8 per share and closed at $53.5, a decrease of 0.5% from its previous closing price. The company’s Chairman, CEO and President, Yogesh Gupta, commented on the news, saying “We are pleased to again be able to deliver a dividend to our shareholders. This decision is a reflection of our strong financial position and ongoing commitment to our investors and employees.”
The company’s software is designed to help businesses accelerate their digital transformation and drive innovation. It is a reflection of the company’s commitment to its investors, and its strong financial position. Live Quote…
VI Analysis – Progress Software Stock Fair Value Calculator
Progress Software is a publicly traded company with a track record of providing innovative software solutions. The company’s fundamentals are a key indicator of its long term potential, and the VI app has made it easier to analyze these. According to the VI Line, the intrinsic value of Progress Software shares is around $52.3, yet the current market price is $53.5. This suggests that the stock is fairly priced, but slightly overvalued by 2%. In order to ascertain the long-term value of the company, investors should look to the fundamentals provided by Progress Software. This includes the company’s financial performance, customer base and growth potential. A careful examination of these can provide insight into the company’s future prospects and help investors make informed decisions about their investments. Progress Software also has a number of strategic partnerships and alliances that add to its value. These relationships provide access to resources, technology and expertise that can help the company grow and succeed. Additionally, Progress Software has consistently shown its dedication to innovation, which is reflected in its product portfolio. The company’s focus on developing cutting-edge solutions keeps them ahead of the competition and contributes to their ongoing success. In conclusion, Progress Software is a sound investment opportunity for investors. Its strong fundamentals, strategic partnerships, and commitment to innovation make it an attractive option for those looking for long-term gains. Although the stock may be slightly overvalued at current prices, the company’s long-term prospects remain positive and could make for a worthwhile investment. More…
VI Peers
Progress Software Corporation is an American publicly traded company headquartered in Bedford, Massachusetts. The company develops software products and services for businesses. Progress Software’s main competitors are DocuSign Inc, Pros Holdings Inc, and Sprout Social Inc.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc is a US provider of electronic signature technology and digital transaction management services, founded in 2003. The company’s software allows users to electronically sign, send, and manage documents. As of 2022, DocuSign has a market cap of 8.52B and a ROE of -15.28%.
– Pros Holdings Inc ($NYSE:PRO)
A market cap of 1.17B means that the company is worth 1.17 billion dollars. The company’s ROE is 195.47%, which means that the company has made 195.47% profit on every dollar that it has invested. The company does business in the healthcare industry.
– Sprout Social Inc ($NASDAQ:SPT)
Sprout Social is a social media management platform that helps brands grow their social media presence. The company has a market cap of $2.61B and a ROE of -17.92%. Sprout Social’s platform helps brands with tasks such as scheduling and publishing content, analyzing social media analytics, andEngaging with their audience.
Summary
Progress Software Corporation recently declared a quarterly dividend of $0.175 per share, indicating a positive outlook for the company’s future. Investors are encouraged to consider Progress Software as a potentially lucrative investment opportunity due to its strong financial performance and customer base. The company has seen consistent growth in both revenue and profits over the past year, making it an attractive option for those looking to diversify their portfolio. With a strong balance sheet and good cash flow, Progress Software appears to be a solid long-term investment.
Additionally, the company has been gaining attention from the media, with most coverage being positive. All in all, Progress Software looks to be an excellent option for investors looking to add a reliable technology company to their portfolio.
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