Rent-A-Center, Inc. (NASDAQ:RCII) declared a quarterly dividend on Wednesday, June 9th, RTT News reports. Shareholders of record on Tuesday, June 22nd will be paid a dividend of 0.31 per share on Tuesday, July 13th. This represents a $1.24 dividend on an annualized basis and a yield of 1.92%.
Rent-A-Center has increased its dividend by 391.7% over the last three years and has raised its dividend every year for the last 1 years.
Shares of NASDAQ:RCII traded down $0.78 during trading on Wednesday, reaching $64.72. The stock had a trading volume of 2,813 shares, compared to its average volume of 605,645. Rent-A-Center has a fifty-two week low of $24.25 and a fifty-two week high of $66.38. The firm’s fifty day moving average is $58.53. The firm has a market cap of $4.29 billion, a PE ratio of 18.57 and a beta of 1.54. The company has a current ratio of 2.79, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80.
RCII has been the topic of several recent analyst reports. KeyCorp upped their price target on shares of Rent-A-Center from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 26th. Raymond James increased their price objective on shares of Rent-A-Center from $65.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, May 7th. Zacks Investment Research lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Thursday, May 27th. Finally, Loop Capital increased their target price on shares of Rent-A-Center from $65.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, May 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Rent-A-Center has a consensus rating of “Buy” and an average price target of $60.17.
In other Rent-A-Center news, EVP Catherine M. Skula sold 2,849 shares of Rent-A-Center stock in a transaction on Wednesday, May 26th. The shares were sold at an average price of $59.85, for a total transaction of $170,512.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.
Rent-A-Center Company Profile
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements.
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