Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the Third Quarter of 2022

Rhea-AI Summary

Rent-A-Center, Inc. (NASDAQ: RCII) announced a quarterly cash dividend of $0.34 for Q3 2022. This dividend is set to be paid on July 12, 2022, to stockholders of record as of June 21, 2022. The company focuses on providing technology-driven, no-debt leasing solutions that enhance consumer access to durable goods. With an omni-channel approach, it utilizes proprietary technology across multiple retail platforms, including its Acima virtual lease-to-own service.

Positive

• Quarterly cash dividend of $0.34 announced, indicating company confidence.

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• 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 third quarter of 2022. The dividend will be paid on July 12, 2022, to the Company’s common stockholders of record as of the close of business on June 21, 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/20220608005668/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 in Q3 2022?

The dividend amount is $0.34.

When will the dividend be paid to stockholders?

The dividend will be paid on July 12, 2022.

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

The record date is June 21, 2022.

How does Rent-A-Center generate revenue?

Rent-A-Center generates revenue through flexible leasing solutions and retail channels.

Is the dividend sustainable for Rent-A-Center?

The sustainability of dividends depends on the company’s future earnings and cash flow.