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

Rhea-AI Summary

Rent-A-Center, Inc. (NASDAQ: RCII) has declared a quarterly cash dividend of $0.34 for Q2 2022, payable on April 22, 2022, to shareholders of record as of the close on April 5, 2022. The Company, known for its technology-driven leasing solutions, aims to enhance consumers' quality of life by providing access to durable goods without debt obligations. This motion reflects the Company's ongoing commitment to returning value to its shareholders.

Positive

• Declaration of $0.34 quarterly cash dividend boosts shareholder income.
• Dividend payment date set for April 22, 2022, showing financial reliability.

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 second quarter of 2022. The dividend will be paid on April 22, 2022, to the Company’s common stockholders of record as of the close of business on April 5, 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/20220324005359/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 announced by Rent-A-Center?

Rent-A-Center announced a quarterly cash dividend of $0.34.

When will the dividend be paid to shareholders?

The dividend will be paid on April 22, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is April 5, 2022.

How often does Rent-A-Center pay dividends?

Rent-A-Center pays dividends quarterly.

Is the dividend from Rent-A-Center sustainable?

The sustainability of Rent-A-Center's dividend depends on its ongoing financial performance.