Rent-A-Center up on share buyback, dividend raise

Upbound

03/12/2021 14:46

** Shares of rent-to-own furniture retail  RCII.O  climb ~4%
to $46.51
    ** RCII announces a new $500 mln share repurchase
authorization  urn:newsml:reuters.com:*:nBwbRvxk5a
    ** RCII recently completed $250 million share repurchase
authorization announced in August
    ** Co also increases quarterly dividend ~10% to $0.34 for Q1
2022
    ** Dividend will be paid on Jan. 13, 2022 to co's common
stockholders of record as of the close of business on Dec. 16
    ** RCII is up ~17% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))