Progress Software (PRGS) Initiates Qtr. Dividend at 12.5c/Share; Will Continue Stock Buybacks

September 28, 2016 4:22 PM EDT

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Progress Software (NASDAQ: PRGS) has initiated a quarterly dividend of $0.125 per share, or $0.50 annualized.

The dividend will be payable on December 15, 2016, to stockholders of record on December 1, 2016, with an ex-dividend date of November 29, 2016.

The annual yield on the dividend is 1.8 percent.

Progress also intends to continue to repurchase Progress common stock under the existing $200 million authorization previously approved by the Board in March 2016.

For a dividend history and other dividend-related data on Progress Software (PRGS) click here.

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