Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.31 for the Fourth Quarter of 2021

Rhea-AI Summary

Rent-A-Center, Inc. (NASDAQ: RCII) has announced a quarterly cash dividend of $0.31 for Q4 2021. The dividend is set to be paid on October 19, 2021, to stockholders on record by the close of business on September 28, 2021. This decision reflects the company’s commitment to providing value to its investors while continuing to offer technology-driven leasing solutions to underserved consumers. Rent-A-Center utilizes a flexible, omni-channel business model to enhance consumer access to durable goods.

Positive

• Quarterly cash dividend of $0.31 reflects commitment to shareholder value.
• Dividend payment scheduled for October 19, 2021, may enhance investor confidence.

Negative

• None.

PLANO, Texas--(BUSINESS WIRE)-- Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.31 for the fourth quarter of 2021. The dividend will be paid on October 19, 2021 to the Company’s common stockholders of record as of the close of business on September 28, 2021.

About Rent-A-Center, Inc.

Rent-A-Center, Inc. (NASDAQ: RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The Company’s omni-channel model utilizes proprietary data and technology to facilitate transactions across a wide range of retail channels including its own Acima virtual lease-to-own platform, Rentacenter.com, e-commerce partner platforms, partner retail stores, and Rent-A-Center branded stores. For additional information about the Company, please visit our website Rentacenter.com or Investor.rentacenter.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005280/en/

Rent-A-Center, Inc.

Brendan Metrano

VP, Investor Relations

972-801-1280

brendan.metrano@rentacenter.com

Source: Rent-A-Center, Inc.

FAQ

What is the dividend amount announced by Rent-A-Center, Inc.?

Rent-A-Center, Inc. has announced a quarterly cash dividend of $0.31.

When will the Rent-A-Center dividend be paid?

The dividend will be paid on October 19, 2021.

What is the record date for the Rent-A-Center dividend?

The record date for the dividend is September 28, 2021.

How often does Rent-A-Center pay dividends?

Rent-A-Center typically pays dividends on a quarterly basis.

Is the Rent-A-Center dividend sustainable?

Details regarding the sustainability of the dividend are not provided in the press release.