Upbound Group Raises Quarterly Dividend by Over 5% to $0.39
Upbound Group, Inc. Boosts Quarterly Cash Dividend
Upbound Group, Inc. (NASDAQ: UPBD), a leader in providing technology-driven leasing solutions, proudly announces the Board of Directors' approval to increase its quarterly cash dividend by over 5%. The new dividend of $0.39 will be paid in early January, marking a significant milestone for the company and its shareholders.
Details of the Dividend Increase
This increase reflects Upbound's ongoing commitment to enhancing shareholder return while maintaining a robust financial position. The upcoming dividend is set to benefit those who hold common stock as of the close of business in mid-December. The company aims to make timely payments that reinforce its dedication to investor interests.
About Upbound Group, Inc.
Upbound Group, Inc. operates as an omni-channel platform, focusing on broadening financial access through innovative solutions. With an established presence through renowned brands like Rent-A-Center and Acima, the company addresses the evolving financial needs of consumers.
Innovative Financial Solutions
The Company emphasizes flexibility and inclusivity in its service offerings. Their approach resonates with a diverse customer base, allowing for streamlined transactions across physical and digital retail environments.
Strategic Growth and Development
Currently headquartered in Plano, Texas, Upbound Group continues to expand its footprint with over 2,300 retail units across various regions, including the U.S., Mexico, and Puerto Rico. The strategic growth focuses on fostering financial opportunities for consumers, ensuring their innovative financial services evolve with market demands.
Commitment to Shareholders and Consumers
As Upbound Group enhances its dividend while promoting expansive retail solutions, the emphasis remains on creating lasting value. Both shareholders and consumers benefit from a company whose ethos centers around innovation, inclusivity, and financial empowerment.
Frequently Asked Questions
What is the new quarterly dividend amount announced by Upbound Group?
Upbound Group has increased its quarterly cash dividend to $0.39, which is more than a 5% increase.
When will the dividend be paid?
The dividend is scheduled to be paid on January 7, 2025.
Who is eligible to receive the dividend?
Common stockholders of record as of the close of business on December 18, 2024, will receive the dividend.
What business units does Upbound Group operate under?
Upbound Group operates industry-leading brands such as Rent-A-Center and Acima, providing a range of leasing solutions.
Where is Upbound Group headquartered?
The company is headquartered in Plano, Texas, ensuring a strategic position for operations across various regions.
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