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Dec. 3, 2020, 9:12 a.m. EST

Rent-A-Center boosts dividend by nearly 7%, to yield well above the S&P 500

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By Tomi Kilgore

Rent-A-Center Inc. /zigman2/quotes/205563817/composite RCII -2.71% said Thursday it was raising its quarterly dividend by 6.9%, to 31 cents a share from 29 cents. The lease-to-own products company's new dividend will be payable Jan. 12 to shareholders of record on Dec. 15. Based on the stock's Wednesday closing price of $34.46, the new annual dividend rate implies a dividend yield of 3.60%, which is well above the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.87% of 1.56%. The stock, which was still inactive in premarket trading, has rallied 19.5% year to date, while the S&P 500 has gained 13.6%.

/zigman2/quotes/205563817/composite
US : U.S.: Nasdaq
$ 57.80
-1.61 -2.71%
Volume: 39,533
May 11, 2021 10:09a
P/E Ratio
16.73
Dividend Yield
2.12%
Market Cap
$3.94 billion
Rev. per Employee
$196,522
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/zigman2/quotes/210599714/realtime
US : S&P US
4,151.96
-36.47 -0.87%
Volume: 513.23M
May 11, 2021 10:10a
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