OppFi shares are trading higher after the company announced a $0.12 per share special dividend and $20 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
OppFi announced a $0.12 per share special dividend and a $20 million share repurchase program, leading to an increase in its share price.
April 09, 2024 | 7:59 pm
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POSITIVE IMPACT
OppFi announced a $0.12 per share special dividend and a $20 million share repurchase program, positively impacting its stock price.
Special dividends and share repurchase programs are generally viewed positively by the market as they return value to shareholders and can indicate confidence by management in the company's financial health. This announcement is likely to lead to a short-term increase in OppFi's stock price due to these factors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100