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0 0.0193798449612402 0.0193798449612402 0.0775193798449613 0.0775193798449613 0.0310077519379845 0.0387596899224807 0.062015503875969
Stock impact report

OppFi Announces $0.12 Per Share Special Dividend, $20 Million Share Repurchase Program

OppFi Inc. Class A (OPFI) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--OppFi Inc. (NYSE: OPFI) (“OppFi” or the “Company”), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, today announced that its Board of Directors (the “Board”) has declared a $0.12 per share special dividend to be payable on May 1, 2024 to holders of record of the Company’s Class A common stock as of the close of business on April 19, 2024. In addition, the Board authorized a new $20 million share repurchase program.“We’re excited to distribute our first special dividend as a public company, demonstrating our commitment to rewarding stockholders and confidence in continuing to generate strong free cash flow,” said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. “We also believe the Company's stock price is disconnected from OppFi's intrinsic value and earnings potential. Therefore, as part of our capital allocation strategy, the Board Show less Read more
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