PROG Holdings, Inc. Declares Dividend

Rhea-AI Summary

PROG Holdings (NYSE:PRG) announced a quarterly cash dividend of $0.12 per share, payable on June 11, 2024, to shareholders of record as of May 28, 2024. This fintech holding company, headquartered in Salt Lake City, UT, encompasses Progressive Leasing, Vive Financial, Four Technologies, and Build. These subsidiaries offer a range of financial solutions such as lease-to-own options, revolving credit products, Buy Now, Pay Later services, and personal credit-building products.

Positive

• Quarterly dividend declared at $0.12 per share, indicating stable financial health.
• Dividend payment scheduled for June 11, 2024, offers near-term shareholder returns.
• PROG Holdings' diverse portfolio includes high-demand financial solutions through its subsidiaries.

Negative

• No mention of revenue growth or profitability metrics in the announcement.
• Dividend declaration alone may not sufficiently address long-term investor concerns regarding growth.

SALT LAKE CITY--(BUSINESS WIRE)-- PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share payable on June 11, 2024, to shareholders of record on the close of business on May 28, 2024.

About PROG Holdings, Inc.

PROG Holdings, Inc. (NYSE:PRG) is a fintech holding company headquartered in Salt Lake City, UT, that provides transparent and competitive payment options and inclusive consumer financial products. The Company owns Progressive Leasing, a leading provider of e-commerce, app-based, and in-store point-of-sale lease-to-own solutions, Vive Financial, an omnichannel provider of second-look revolving credit products, Four Technologies, provider of Buy Now, Pay Later payment options through its platform Four, and Build, provider of personal credit building products. More information on PROG Holdings' companies can be found at https://www.progholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515611567/en/

Investor Contact

John A. Baugh, CFA

VP, Investor Relations

john.baugh@progleasing.com

Source: PROG Holdings, Inc.

FAQ

When will PROG Holdings pay the declared dividend?

PROG Holdings will pay the declared quarterly dividend on June 11, 2024.

What is the amount of the quarterly dividend declared by PROG Holdings?

The quarterly dividend declared by PROG Holdings is $0.12 per share.

What is the record date for PROG Holdings' dividend?

The record date for PROG Holdings' dividend is May 28, 2024.

Which company subsidiaries are under PROG Holdings?

PROG Holdings subsidiaries include Progressive Leasing, Vive Financial, Four Technologies, and Build.