Upbound Group, Inc. (NASDAQ:UPBD) to Issue $0.39 Quarterly Dividend

Key Points

• Upbound Group, Inc. announced a quarterly dividend of $0.39 per share, which is set to be paid on October 21st to shareholders of record as of September 30th.
• The company's expected earnings for the next year are $4.98 per share, enabling it to sustain its dividend with an estimated future payout ratio of 31.3%.
• Despite recently reporting a 7.5% increase in revenue and beating earnings estimates, UPBD shares have declined by 2.2% as of the latest trading day.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.39 per share on Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 30th.

Upbound Group has a dividend payout ratio of 30.4% indicating that 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 Stock Down 3.0%

Shares of NASDAQ UPBD traded down $0.79 during midday trading on Monday, hitting $25.77. The company's stock had a trading volume of 428,347 shares, compared to its average volume of 601,642. The business's fifty day simple moving average is $24.48 and its two-hundred day simple moving average is $24.05. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.42 and a beta of 1.77. Upbound Group has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, equities analysts predict that Upbound Group will post 4.28 EPS for the current 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.