Special Dividends, Share Repurchase Programs and Collaboration with Zogo Boosts OppFi (OPFI) Shares as It Closes the Day Up 25%

Today the tech finance platform, OppFi Inc. (OPFI) made moves as it led the PRISM NextGen Tech and AI Index for most of the day and finished at the close as the index leader up, 25%. The company announced a $0.12 per share special dividend and authorization of a $20M share repurchase program. The dividend will be payable on May 1, 2024, to holders of Class A common stock as of close on April 19, 2024.

Additionally, in a separate release today, the company has announced its collaboration with financial education platform, Zogo which will promote and support financial literacy. Through the OppLoans-branded version of the app, individuals utilizing the OppLoans by OppFi platform can now tap into a variety of financial tools and resources. These include tutorials on saving strategies, budget creation, credit applications, debt repayment techniques, and credit enhancement methods.

OppFi Inc. is a financial technology company that specializes in providing accessible and transparent lending solutions to non-prime consumers. Through its platform, OppLoans, OppFi offers installment loans and other financial products designed to help individuals improve their financial health and bridge gaps in traditional banking services. OppFi focuses on responsible lending practices and aims to empower customers by offering fair and affordable borrowing options.

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Special Dividends, Share Repurchase Programs and Collaboration with Zogo Boosts OppFi (OPFI) Shares as It Closes the Day Up 25%

Ashlee Vogenthaler

Markets Editor