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New York Markets After Hours

Dec. 3, 2021, 8:05 a.m. EST

Rent-A-Center announces new $500 million share buyback authorization, raises dividend by 10% to 34 cents a share

Leasing company Rent-A-Center Inc. (NAS:RCII) said Friday its board has approved a new $500 million share buyback authorization, following the recent completion of its $250 million authorization. The Plano, Texas-based company said the board has also approved a 10% increase in its quarterly cash dividend, raising it to 34 cents a share. The dividend will be paid Jan. 13 to shareholders of record as of close of business Dec. 16. Shares were not yet active premarket, but have gained 17% in the year to date, while the S&P 500 (S&P:SPX) has gained 21.9%.

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