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Stock impact report

PROG Holdings Reports Fourth Quarter 2023 Results; Initiates Quarterly Cash Dividend [Yahoo! Finance]

PROG Holdings, Inc. (PRG) 
Company Research Source: Yahoo! Finance
Diluted EPS of $0.41; Non-GAAP Diluted EPS of $0.72 Progressive Leasing GMV of $547.6 million, up 1.2% year-over-year Company initiates quarterly cash dividend, announces $500 million share repurchase authorization SALT LAKE CITY, February 21, 2024 BUSINESS WIRE PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization. "We were pleased to finish 2023 with financial results that matched or exceeded our outlook, as strong customer behavior and conversion rates during the holiday period drove a year-over-year increase in quarterly GMV, due in part to marketing and other initiatives we put in place with our retail partners," said PROG Holdings President and CEO Steve Michaels. "Our portfolio remains health Show less Read more
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