Upbound Group, Inc. (NASDAQ:UPBD) Shares Set to Pay Quarterly Dividend of $0.39

Key Points

• Upbound Group will pay a quarterly dividend of $0.39 per share on October 27 to shareholders of record on October 6, representing an annualized dividend of $1.56 and a 9.8% yield.
• The dividend appears supported by earnings, with a current payout ratio of 30.4% and an expected future payout ratio of 34.1%; the company has increased its dividend for five consecutive years.
• Shares recently traded at $15.87, near their 12-month low, while analysts maintain a consensus “Hold” rating and an average price target of $28.00.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) announced a quarterly dividend on Thursday, September 24th. Shareholders of record on Tuesday, October 6th will be given a dividend of $0.39 per share on Tuesday, October 27th. This represents a $1.56 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Tuesday, October 6th.

Upbound Group has raised its dividend by an average of 0.0%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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NASDAQ:UPBD traded down $0.12 during midday trading on Thursday, reaching $15.87. 1,378,786 shares of the company traded hands, compared to its average volume of 886,326. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94. Upbound Group has a 12 month low of $15.76 and a 12 month high of $24.76. The firm has a market capitalization of $925.21 million, a price-to-earnings ratio of 10.31 and a beta of 1.77. The firm's fifty day moving average price is $19.33 and its two-hundred day moving average price is $18.99.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. On average, equities analysts expect that Upbound Group will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UPBD shares. TD Cowen cut their price target on shares of Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Weiss Ratings lowered Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday. Wall Street Zen cut Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Zacks Research lowered Upbound Group from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Finally, BTIG Research cut Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price target on the stock. in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.00.

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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