PROG Holdings (PRG) has released an update.
Curtis L. Doman, Co-Founder of Progressive Leasing and Chief Innovation Officer, is retiring from his executive role but will continue as a Special Advisor to the President and CEO, while remaining on the Board of Directors. The Company has also declared a $0.12 per share cash dividend, payable to shareholders on March 28. Furthermore, an additional $302 million has been approved for the share repurchase program, extending its term and increasing the total repurchase capacity to $500 million, with purchases to be made based on market conditions and other factors.
For further insights into PRG stock, check out TipRanks’ Stock Analysis page.
