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Rent-A-Center Announces Plan to Initiate Quarterly Cash Dividend

Published June 27, 2019 08:30 AM EDT on BusinessWire

Rent-A-Center, Inc. (the “Company”) (Nasdaq/NGS:RCII) today announced that its Board of Directors approved initiation of a quarterly cash dividend of $0.25 per share on its common stock subject to completion of the refinancing of the Company’s existing revolving credit facility and outstanding senior notes, which is expected to occur in the third quarter of 2019. The first quarterly dividend is expected to be declared in September 2019 and paid in October 2019. The Company expects to enter into agreements with respect to new credit facilities, which will replace its existing revolving credit facility. Proceeds from the refinancing, together with cash on hand, will be used at closing to redeem the Company’s senior unsecured notes maturing in 2020 and 2021.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
RENT-A-CENTER 25.50   12.1 2.10 1.00 0.00


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