Upbound Group, Inc. Announces Quarterly Dividend of $0.39 (NASDAQ:UPBD)

Upbound Group, Inc. (NASDAQ:UPBD) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.39 per share on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, December 17th.

Upbound Group has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. Upbound Group has a dividend payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Upbound Group to earn $4.98 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 31.3%.

Upbound Group Trading Down 2.2%

Shares of UPBD traded down $0.42 during mid-day trading on Thursday, reaching $18.54. The stock had a trading volume of 637,158 shares, compared to its average volume of 643,604. Upbound Group has a 52-week low of $15.82 and a 52-week high of $34.86. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 12.79 and a beta of 1.87. The business’s fifty day moving average is $20.20 and its 200 day moving average is $23.10. The company has a debt-to-equity ratio of 2.25, a current ratio of 3.16 and a quick ratio of 0.98.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts predict that Upbound Group will post 4.28 EPS for the current fiscal year.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.