Upbound Group, Inc. (NASDAQ:UPBD – Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Tuesday, October 6th will be paid a dividend of $0.39 per share on Tuesday, October 27th. This represents a $1.56 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Tuesday, October 6th.
Upbound Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Upbound Group has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Upbound Group to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 34.1%.
Upbound Group Price Performance
UPBD opened at $15.87 on Friday. The firm has a market capitalization of $925.22 million, a PE ratio of 10.31 and a beta of 1.77. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. The business’s 50-day moving average is $19.19 and its two-hundred day moving average is $18.97. Upbound Group has a 1 year low of $15.76 and a 1 year high of $24.76.
About Upbound Group
Upbound Group, Inc is a consumer leasing and retail services company headquartered in Plano, Texas. The company operates through two primary brands: Rent-A-Center, a lease-to-own provider, and Acima, a technology-enabled point-of-sale leasing platform. Its services are designed to give consumers access to household and consumer products through flexible leasing arrangements, including options that may not require traditional credit.
Rent-A-Center offers furniture, appliances, electronics, computers, smartphones and other durable goods through company-operated and franchised stores, as well as digital channels.
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