Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the First Quarter of 2023

Rhea-AI Summary

Rent-A-Center, Inc. (NASDAQ: RCII) has announced a quarterly cash dividend of $0.34 for Q1 2023. This dividend will be paid on January 10, 2023, to stockholders of record as of the close of business on December 20, 2022. With a focus on providing technology-driven leasing solutions, Rent-A-Center aims to enhance the quality of life for underserved consumers.

Positive

• Quarterly cash dividend of $0.34 approved for Q1 2023
• Dividend payment boosts shareholder income and confidence

Negative

• None.

PLANO, Texas--(BUSINESS WIRE)-- Rent-A-Center, Inc. (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 $0.34 for the first quarter of 2023. The dividend will be paid on January 10, 2023, to the Company’s common stockholders of record as of the close of business on December 20, 2022.

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/20221207005224/en/

Investor Contact:

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 for Rent-A-Center, Inc. for Q1 2023?

The dividend amount for Q1 2023 is $0.34.

When is the Rent-A-Center dividend payment date?

The dividend will be paid on January 10, 2023.

Who are the stockholders eligible for the Rent-A-Center dividend?

Stockholders of record as of December 20, 2022, are eligible.

How often does Rent-A-Center pay dividends?

Rent-A-Center typically pays dividends quarterly.

What is the significance of the dividend for RCII shareholders?

The dividend represents a return on investment, enhancing shareholder income.