PROG Holdings, Inc. Declares Dividend

Published / Modified Aug 09 2024
CSIMarket Team / CSIMarket.com

PROG Holdings Declares Quarterly Dividend as Commitment to Shareholders Grows

SALT LAKE CITY - In a strategic move underscoring its commitment to returning value to shareholders, PROG Holdings, Inc.
(NYSE: PRG), the fintech holding company overseeing Progressive Leasing, Vive Financial, Four Technologies, and Build, announced today the declaration of a quarterly cash dividend of $0.12 per share.
This development, confirmed by the company?s Board of Directors, signifies a continued dedication to enriching shareholder loyalty and presenting a robust financial outlook.

The dividend is set to be paid on September 3, 2024, to all shareholders of record as of the close of business on August 20, 2024.
This announcement reflects PROG Holdings' ongoing strategy to ensure that its investors benefit from its financial success.

As of the writing of this article, PROG Holdings Inc.
reported a 12-month dividend payout ratio that has sequentially increased to 9.84 in the second quarter of 2024.
The increase in payout ratio is a pivotal indicator of the company?s financial health and its prioritization of shareholder interests.
This ratio is essential in gauging how effectively the company is distributing its earnings back to those who own its stock.

When compared to its peers in the Services sector, PROG Holdings holds a respectable position, with 54 companies boasting higher 12-month dividend payout ratios.
Despite the competitive landscape, the company's capacity to maintain and increase its dividend is a positive signal for investors looking for reliable returns.

In a broader context, PROG Holdings Inc.
ranks higher than 192 compared to all other companies in the market during the first quarter of 2024, maintaining a solid footing within the financial sector.
This ranking signifies the company?s consistent performance and ability to attract and retain investor interest amid shifting economic dynamics.

In conclusion, PROG Holdings continues to demonstrate a firm commitment to its shareholders.
The declared quarterly dividend not only reflects the company?s robust earnings but also its strategic focus on cultivating shareholder value.
As the company progresses into the latter half of 2024, it is poised to remain an appealing option for investors seeking dividends in the competitive fintech landscape.,