PROG Holdings, Inc.
PRG20 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.21%
Annual Dividend
$0.56
Payout Ratio
13%
5-Yr Growth
30.0%
Ex-Date
May 19, 2026
Frequency
Quarterly
Summary
As of July 2026, PROG Holdings, Inc. (PRG) yields 1.21% ($0.56 per share annually), with a blended fair-value estimate of $79.05 — +70% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 20 years of dividend growth.
Is PRG a good dividend stock?
YesPROG Holdings, Inc. (PRG) pays a quarterly dividend yielding 1.21% ($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 (13%)
- 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
- 1.21%
- Payout Ratio
- 13%
- Annual Dividend
- $0.56
- 5-Yr Avg Growth
- 30.0%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 20
- Frequency
- quarterly
- Beta
- 1.78
- Market Cap
- $1.8B
- P/E Ratio
- 11.5
- 5-Yr Total Return
- -2%
- 52-Week Range
- $25.80 – $47.73
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
PRG Price — Last 12 Months
Daily close
Price Return
1 Year
+32%
3 Years
+35%
5 Years
-2%
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?
Undervaluedmedium confidenceOur blended fair-value estimate for PROG Holdings, Inc. is $79.05 per share, versus a market price of $46.42. That implies 70% of upside — a margin of safety of about 41%.
Fair Value
$79.05
Current Price
$46.42
Upside
+70%
Margin of Safety
41%
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 6.3% annual free-cash-flow growth. We model 11.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 12.0% discount rate (CAPM), 11.2% stage-1 growth, 2.5% terminal growth, $3.93 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.1400 | regular |
| Mar 12, 2026 | — | $0.1400 | regular |
| Nov 18, 2025 | — | $0.1300 | regular |
| Aug 19, 2025 | — | $0.1300 | regular |
| May 20, 2025 | — | $0.1300 | regular |
| Mar 13, 2025 | — | $0.1300 | regular |
| Nov 19, 2024 | — | $0.1200 | regular |
| Aug 20, 2024 | — | $0.1200 | regular |
| May 24, 2024 | — | $0.1200 | regular |
| Mar 13, 2024 | — | $0.1200 | regular |
| Nov 13, 2020 | — | $0.0382 | regular |
| Sep 16, 2020 | — | $0.0339 | regular |
| Jun 17, 2020 | — | $0.0339 | regular |
| Mar 19, 2020 | — | $0.0339 | regular |
Income Calculator
At $0.56 / yr per share
