NYSE:PRGConsumer Finance
PROG Holdings Raises Dividend While Reshaping Business After Partner Fallout
PROG Holdings (NYSE:PRG) announced a 7.7% increase in its quarterly dividend, signaling confidence in returning cash to shareholders.
The company is managing revenue pressure tied to a weaker retail backdrop and the bankruptcy of a major partner.
Management has tightened Progressive Leasing criteria and is leaning more on its buy now, pay later platform and recent acquisitions.
PROG Holdings enters this phase of corporate change with its shares at $36.83 and a mixed return profile. The...