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PROG Holdings, Inc. Declares Dividend
Businesswireยท 2025-11-06 23:00
Core Points - PROG Holdings, Inc. declared a quarterly cash dividend of $0.13 per share, payable on December 2, 2025, to shareholders of record as of November 18, 2025 [1] - The company is a fintech holding firm that provides various consumer financial products and payment options, including lease-to-own solutions and Buy Now, Pay Later services [2] Company Overview - PROG Holdings, Inc. is headquartered in Salt Lake City, Utah, and operates through its subsidiaries: Progressive Leasing, Four Technologies, and Build [2][3] - The company employs approximately 2,000 people and focuses on providing transparent and competitive payment options [2][3] Recent Financial Performance - The company reported strong earnings and expanded margins in its third quarter results for the period ending September 30, 2025, despite ongoing economic pressures faced by consumers [5] - PROG Holdings is scheduled to release its third quarter 2025 financial results on October 22, 2025, with a live webcast planned for the same day [7] Strategic Transactions - PROG Holdings announced the sale of its Vive Financial credit card receivables portfolio to Atlanticus Holdings Corporation, which is expected to enhance the company's capital efficiency and profitability while maintaining access to credit solutions for near and below-prime consumers [6]