PROG Holdings, Inc.
PRG20 yrs growthIndustrials · Rental & Leasing Services · Stock · quarterly payer
Forward Yield
1.81%
Annual Dividend
$0.56
Payout Ratio
17%
5-Yr Growth
30.0%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Key facts about PRG's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, PROG Holdings, Inc. (PRG) has a forward dividend yield of 1.81%, based on an annual dividend of $0.56 per share and a share price of $30.99.
- As of Oct 18, 2026, PRG's dividend safety grade from SmarterDividends is A (84 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, PROG Holdings, Inc. (PRG) has raised its dividend for 20 consecutive years as of Oct 18, 2026.
- PRG has never cut its regular dividend in the payment history SmarterDividends has on record.
- PRG's most recent ex-dividend date was Aug 18, 2026, for a dividend of $0.14 per share.
- As of Oct 18, 2026, PRG pays out 17% of its trailing 12-month earnings as dividends (its payout ratio).
- PRG's dividend has grown at an average rate of 30.0% a year over the past five years.
- As of Oct 18, 2026, PRG's 1.81% yield is 25% above its five-year average yield of 1.45%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PRG is $72.61 per share, 134% above the $30.99 share price, so PRG screens as undervalued.
- PROG Holdings, Inc. (PRG) pays its dividend quarterly, 4 times a year.
- PROG Holdings, Inc. (PRG) has raised its regular dividend 21 times and cut it 2 times across the 105 payments on record since 1990. Its most recent change was a 7.7% increase to $0.140 per share, going ex-dividend on Mar 12, 2026. The last cut went ex-dividend on Aug 30, 2004.
Cite this page
SmarterDividends, "PRG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PRG
Summary
As of Oct 18, 2026, PROG Holdings, Inc. (PRG) yields 1.81% ($0.56 a year per share), has a dividend safety grade of A (84/100) and has 20 consecutive years of dividend increases on record.
Is PRG a good dividend stock?
YesPROG Holdings, Inc. (PRG) pays a quarterly dividend yielding 1.81% ($0.56/yr), with 20 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 20 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (17%)
- Strong 30.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.81%
- Payout Ratio
- 17%
- Annual Dividend
- $0.56
- 5-Yr Avg Growth
- 30.0%
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 20
- Frequency
- quarterly
- Beta
- 1.78
- Market Cap
- $1.2B
- P/E Ratio
- 9.9
- 5-Yr Total Return
- -31%
- 52-Week Range
- $25.80 – $47.73
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
PRG dividend raises and cuts
PROG Holdings, Inc. (PRG) has raised its regular dividend 21 times and cut it 2 times across the 105 payments on record since 1990. Its most recent change was a 7.7% increase to $0.140 per share, going ex-dividend on Mar 12, 2026. The last cut went ex-dividend on Aug 30, 2004.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 12, 2026 | Raise | $0.130 → $0.140 | +7.7% |
| Mar 13, 2025 | Raise | $0.120 → $0.130 | +8.3% |
| Nov 13, 2020 | Raise | $0.0339 → $0.0382 | +12.5% |
| Dec 18, 2019 | Raise | $0.0297 → $0.0339 | +14.3% |
| Dec 19, 2018 | Raise | $0.0254 → $0.0297 | +16.7% |
| Dec 12, 2017 | Raise | $0.0237 → $0.0254 | +7.1% |
| Dec 8, 2016 | Raise | $0.0212 → $0.0237 | +12.0% |
| Nov 27, 2015 | Raise | $0.0195 → $0.0212 | +8.7% |
| Nov 26, 2014 | Raise | $0.0178 → $0.0195 | +9.5% |
| Nov 27, 2013 | Raise | $0.0144 → $0.0178 | +23.5% |
| Nov 29, 2012 | Raise | $0.0127 → $0.0144 | +13.3% |
| Nov 29, 2011 | Raise | $0.0110 → $0.0127 | +15.4% |
Show all 23 changes since 1992
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 29, 2010 | Raise | $0.0102 → $0.0110 | +8.3% |
| Nov 27, 2009 | Raise | $0.0096 → $0.0102 | +5.9% |
| Nov 26, 2008 | Raise | $0.0090 → $0.0096 | +6.3% |
| Nov 29, 2007 | Raise | $0.0085 → $0.0090 | +6.7% |
| Nov 29, 2006 | Raise | $0.0079 → $0.0085 | +7.2% |
| Aug 30, 2005 | Raise | $0.0074 → $0.0079 | +7.7% |
| Aug 30, 2004 | Cut | $0.0075 → $0.0074 | −2.5% |
| Nov 28, 2003 | Raise | $0.0050 → $0.0075 | +50.0% |
| Dec 4, 1996 | Raise | $0.0025 → $0.0050 | +100.0% |
| Nov 25, 1994 | Cut | $0.0038 → $0.0025 | −33.3% |
| Nov 27, 1992 | Raise | $0.0031 → $0.0038 | +20.0% |
Frequently Asked Questions
Is PRG a good dividend stock?
Yes. PROG Holdings, Inc. (PRG) pays a quarterly dividend yielding 1.81% ($0.56/yr), with 20 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is PRG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PRG's fair value is about $72.61 versus a $30.99 share price — so it looks undervalued (+134% vs. fair value).
Is PRG's dividend safe?
PRG has a dividend-safety grade of A (84/100), based on its payout coverage, free-cash-flow, 20-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is PRG's fair value?
Our blended fair-value estimate for PRG is about $72.61 per share, roughly 134% above the current $30.99 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PRG a buy, hold, or sell?
We don't issue formal ratings, but on the data PRG screens as "yes" and undervalued. PROG Holdings, Inc. (PRG) pays a quarterly dividend yielding 1.81% ($0.56/yr), with 20 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will PRG cut its dividend?
PRG earns a dividend-safety grade of A (84/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PRG pay a dividend?
Yes. PROG Holdings, Inc. pays a quarterly dividend of about $0.56 per share annually, a forward yield of roughly 1.81%.
What is PRG's dividend yield?
As of Oct 18, 2026, PRG's forward dividend yield is 1.81%, based on a $0.56 annual dividend and a $30.99 share price.
What is PRG's dividend per share?
As of Oct 18, 2026, PRG pays $0.56 per share per year, distributed on a quarterly basis.
What is PRG's dividend payout ratio?
As of Oct 18, 2026, PRG's payout ratio is 17% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has PRG grown its dividend?
As of Oct 18, 2026, PRG has increased its dividend for 20 consecutive years.
When is the next PRG ex-dividend date?
As of Oct 18, 2026, PRG's next ex-dividend date hasn't been announced. The most recent was Aug 18, 2026, for $0.14 per share.
PRG Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+14%
5 Years
-31%
52-Week Range
$25.80 – $47.73
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PRG worth?
Undervaluedlow confidenceOur blended fair-value estimate for PROG Holdings, Inc. is $72.61 per share, versus a market price of $30.99. That implies 134% of upside — a margin of safety of about 57%.
Fair Value
$72.61
Current Price
$30.99
Upside
+134%
Margin of Safety
57%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.1% annual free-cash-flow growth. We model 10.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 12.0% discount rate (CAPM), 10.2% growth for five years fading to 2.5% over the next five, $3.12 EPS, $0.56 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PRG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PRG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 18, 2026 | Sep 3, 2026 | $0.1400 | regular |
| May 19, 2026 | Jun 2, 2026 | $0.1400 | regular |
| Mar 12, 2026 | Mar 24, 2026 | $0.1400 | regular |
| Nov 18, 2025 | Dec 2, 2025 | $0.1300 | regular |
| Aug 19, 2025 | Sep 4, 2025 | $0.1300 | regular |
| May 20, 2025 | Jun 3, 2025 | $0.1300 | regular |
| Mar 13, 2025 | Mar 25, 2025 | $0.1300 | regular |
| Nov 19, 2024 | Dec 3, 2024 | $0.1200 | regular |
| Aug 20, 2024 | Sep 3, 2024 | $0.1200 | regular |
| May 24, 2024 | Jun 11, 2024 | $0.1200 | regular |
| Mar 13, 2024 | Mar 28, 2024 | $0.1200 | regular |
| Nov 13, 2020 | Nov 20, 2020 | $0.0382 | regular |
| Sep 16, 2020 | Oct 6, 2020 | $0.0339 | regular |
| Jun 17, 2020 | Jul 7, 2020 | $0.0339 | regular |
Income Calculator
At $0.56 / yr per share
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