Rent-A-Center Plans To Re-initiate Quarterly Dividend - Quick Facts

(RTTNews) - Rent-A-Center, Inc. (RCII) said its Board has approved the initiation of a quarterly cash dividend on its common stock subject to completion of the refinancing of the company's existing revolving credit facility and outstanding senior notes. The company plans to replace its existing revolving credit facility with new credit facilities. The Board expects to declare the first quarterly dividend of $0.25 per share in September 2019.

Mitch Fadel, CEO of Rent-A-Center, said, "Balance sheet deleveraging, cost reductions, and solid same store sales growth have dramatically strengthened our earnings and cash flow."