Stock Buybacks
By The Online Investor Staff, updated Thu., Apr. 18, 2:55 AM
| This Slide: #12 of 25 |
Slide #12. OppFi Inc.
Company:
OppFi Inc. (NYSE:OPFI)
$Amount Authorized:
$20,000,000
Buyback Details:
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, today announced that its Board of Directors (the "Board") has declared a $0.12 per share special dividend to be payable on May 1, 2024 to holders of record of the Company's Class A common stock as of the close of business on April 19, 2024. In addition, the Board authorized a new $20 million share repurchase program.
OppFi is a fintech platform that helps Americans gain access to credit with digital specialty finance products. Co. works with banks to facilitate short-term lending options for Americans. Co.'s primary products are provided by its OppLoans lending platform. The OppFi platform is a mobile-optimized online application where eligible applicants, at their request, are able to opt into the OppFi TurnUp Program. This program helps these applicants find affordable credit options by checking the market voluntarily on their behalf for sub-36% annual percentage yield products provided by mainstream lenders. 
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
