SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies, and MoneyApp, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of common stock, payable on March 24, 2026 to shareholders of record as of the close of business on March 12, 2026. This dividend amount is an increase of 7.7% compared to the quarterly cash dividend of $0.13 per share previously paid by th ...

Core Insights - PROG Holdings, Inc. has completed the acquisition of Purchasing Power for $420 million in cash, enhancing its fintech offerings and expanding its reach in the employer-based channel [1][3] Company Overview - PROG Holdings, Inc. is a fintech holding company that provides transparent payment options and inclusive financial products, owning brands like Progressive Leasing, Four Technologies, and Build [4] - Purchasing Power is a voluntary benefit company that offers financial wellness solutions, enabling employees to purchase products through payroll deductions [5] Acquisition Details - The acquisition of Purchasing Power allows PROG Holdings to access over 7 million employees through partnerships with more than 360 employers, enhancing its customer engagement and financial access initiatives [2][3] - The transaction was funded through a combination of cash on hand and debt financing, indicating a strategic investment in expanding the company's service offerings [3] Strategic Goals - The combined organization aims to leverage shared technology and operational capabilities to strengthen client relationships and support long-term growth [3] - The acquisition aligns with PROG Holdings' commitment to improving financial access and inclusion for its customers [2]

Core Insights - PROG Holdings, Inc. will host an Investor Day in New York City on March 10, 2026, starting at 8:30 AM ET [1] - The event will feature presentations from the President and CEO, CFO, and senior leadership team, focusing on the company's strategic vision, growth drivers, capital allocation, and long-term financial goals [2] - A live webcast of the event will be available, along with archived materials for those unable to attend [4] Company Overview - PROG Holdings, Inc. is a fintech holding company based in Salt Lake City, UT, offering inclusive consumer financial products, including flexible payment options [5] - The company owns Progressive Leasing, which provides lease-to-own solutions, Four Technologies, which offers Buy Now, Pay Later options, and Build, which focuses on personal credit building products [5]