Company Overview - PROG Holdings (PRG) is based in Draper and operates in the Finance sector, with shares experiencing a price change of -4.95% this year [3] - The company currently pays a dividend of $0.14 per share, resulting in a dividend yield of 2%, which is higher than the Financial - Consumer Loans industry's yield of 1.4% and the S&P 500's yield of 1.47% [3] Dividend Performance - The current annualized dividend of PROG Holdings is $0.56, reflecting a 7.7% increase from the previous year [4] - Over the past 5 years, the company has increased its dividend twice on a year-over-year basis, achieving an average annual increase of 43.93% [4] - The current payout ratio is 15%, indicating that the company paid out 15% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - Earnings growth for PROG Holdings appears solid, with the Zacks Consensus Estimate for 2026 projected at $4.21 per share, representing a 19.94% increase from the previous year [5] Investment Considerations - PROG Holdings is viewed as a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [6]
Why PROG Holdings (PRG) is a Great Dividend Stock Right Now