SALT LAKE CITY - PROG Holdings, Inc.(NYSE: PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share of common stock.The dividend is payable on September 3, 2024, to shareholders of record on August 20, 2024.
PROG Holdings, Inc. headquartered in Salt Lake City, is a prominent fintech holding company that operates multiple subsidiaries.The company’s strong performance and commitment to its shareholders are evident from the recent announcement of an increased payout ratio.
As of the writing of this article, Prog Holdings Inc’s 12-month dividend payout ratio for the second quarter of 2024 has sequentially increased to 9.84, reaching a new high for the company.This ratio reflects the proportion of earnings distributed to shareholders in the form of dividends.
Comparing Prog Holdings Inc’s performance to its peers in the Services sector, it is fair to say that 90 companies have a higher 12-month dividend payout ratio.However, in the first quarter of 2024, Prog Holdings Inc ranks higher than 192 among all companies, exhibiting a notable achievement.
The declaration of a quarterly dividend by PROG Holdings, Inc.underlines the company’s financial strength and commitment to rewarding its shareholders.The dividend payment of $0.12 per share of common stock signifies the shareholders’ en
Comments