Rent-A-Center Inc (NASDAQ:RCII) Announces Quarterly Dividend of $0.25

Rent-A-Center Inc (NASDAQ:RCII) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Investors of record on Monday, September 23rd will be given a dividend of 0.25 per share on Wednesday, October 9th. This represents a $1.00 dividend on an annualized basis and a yield of 3.90%. This is a positive change from Rent-A-Center’s previous quarterly dividend of $0.08.

RCII stock traded up $0.23 during midday trading on Thursday, reaching $25.62. The company had a trading volume of 524,324 shares, compared to its average volume of 1,248,295. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.17. Rent-A-Center has a 1 year low of $11.98 and a 1 year high of $28.25. The company has a market capitalization of $1.35 billion, a P/E ratio of 24.17 and a beta of 0.39. The firm has a 50-day moving average price of $26.05 and a 200-day moving average price of $23.74.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Rent-A-Center had a net margin of 4.40% and a return on equity of 32.63%. The business had revenue of $655.90 million during the quarter, compared to analysts’ expectations of $642.86 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Rent-A-Center will post 2.26 EPS for the current year.

A number of brokerages have recently issued reports on RCII. BidaskClub cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Janney Montgomery Scott raised shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Stephens raised shares of Rent-A-Center from an “underweight” rating to an “equal” rating and set a $27.00 price target for the company in a research report on Monday, June 24th. Finally, ValuEngine raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.80.

Rent-A-Center Company Profile

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.

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Dividend History for Rent-A-Center (NASDAQ:RCII)

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