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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

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By Ciara Linnane

Leasing company Rent-A-Center Inc. /zigman2/quotes/205563817/composite RCII +0.21% 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 /zigman2/quotes/210599714/realtime SPX +1.29% has gained 21.9%.

/zigman2/quotes/205563817/composite
US : U.S.: Nasdaq
$ 29.22
+0.06 +0.21%
Volume: 531,868
Feb. 7, 2023 4:00p
P/E Ratio
97.92
Dividend Yield
4.65%
Market Cap
$1.62 billion
Rev. per Employee
$309,752
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/zigman2/quotes/210599714/realtime
US : S&P US
4,164.00
+52.92 +1.29%
Volume: 0.00
Feb. 7, 2023 5:00p
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