PROG Holdings, Inc. announced a comprehensive capital allocation strategy aimed at returning excess capital to shareholders while optimizing its balance sheet.

The core of this strategy includes initiating regular quarterly cash dividends and implementing a stock repurchase plan. The company management stated that this move reflects their confidence in future cash flow generation capabilities and demonstrates their commitment to creating value for shareholders. While actively rewarding shareholders, PROG Holdings, Inc. also made it clear that it will continue to pursue its deleveraging objectives to maintain a robust financial structure and support the company’s long-term sustainable development. By combining dividends and repurchases, the company aims to strike a balance between rewarding shareholders and strengthening its financial foundation, laying a solid groundwork for future growth opportunities.