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SALT LAKE CITY - PROG Holdings, Inc. (NYSE:PRG) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.13 per share of common stock, representing a 1.66% annual yield. The dividend will be payable on September 4, 2025, to shareholders of record as of the close of business on August 19, 2025. According to InvestingPro data, the company maintains excellent financial health with a Current Ratio of 5.35, indicating strong liquidity position.
PROG Holdings is a fintech holding company based in Salt Lake City, Utah, currently trading at an attractive valuation according to InvestingPro Fair Value metrics. The company operates several subsidiaries including Progressive Leasing, which provides lease-to-own solutions; Vive Financial, an omnichannel provider of second-look revolving credit products; Four Technologies, which offers Buy Now, Pay Later payment options; and Build, a provider of personal credit building products. The company boasts a perfect Piotroski Score of 9 and trades at a P/E ratio of 6.02.
The company made the announcement in a press release statement issued Thursday. PROG Holdings trades on the New York Stock Exchange under the ticker symbol PRG. Despite a challenging six-month period with shares down 26.43%, analysis suggests the stock may be undervalued. Discover 10+ additional exclusive insights about PRG with an InvestingPro subscription.
In other recent news, PROG Holdings reported impressive financial results for the second quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $1.02, significantly higher than the anticipated $0.80, representing a 27.5% surprise. Revenue reached $604.7 million, slightly above the forecasted $589.09 million. Following these results, Raymond James raised its price target for PROG Holdings from $36 to $40, maintaining an Outperform rating. The price target increase was influenced by the company’s quarterly results, which exceeded expectations across various financial metrics. These developments reflect positively on PROG Holdings’ financial performance and market perception. The adjustments in analyst projections indicate confidence in the company’s future potential.
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