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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 +0.07% 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 -0.97% has gained 21.9%.

/zigman2/quotes/205563817/composite
US : U.S.: Nasdaq
$ 43.84
+0.03 +0.07%
Volume: 796,537
Jan. 19, 2022 4:00p
P/E Ratio
15.31
Dividend Yield
3.10%
Market Cap
$2.91 billion
Rev. per Employee
$288,304
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/zigman2/quotes/210599714/realtime
US : S&P US
4,532.76
-44.35 -0.97%
Volume: 2.48B
Jan. 19, 2022 4:58p
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