Rent-A-Center Keeps Dividend Steady

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Rent-A-Center has announced plans to keep its dividend steady at $0.21 per share going into the fourth quarter.

The company has paid the same amount since January, after boosting its payout 31% from $0.16 per share of common stock. The rent-to-own operator has issued a consecutive quarterly dividend to investors since August 2010, and its payout amount has grown 250% since then.

The most recent dividend will be payable on Oct. 24 to shareholders of record as of Oct. 1. On an annualized basis, the company's dividend adds up to $0.84 per share. As of the market's close on Sept. 9, Rent-A-Center's stock price was $37.09, which means the company's dividend currently yields 2.3%.


RCII Dividend Chart

RCII Dividend data by YCharts.

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The article Rent-A-Center Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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