RENT-A-CENTER, INC. (NASDAQ:RCII) Files An 8-K Other Events
Item 8.01 Other Events.
RENT-A-CENTER, INC. (NASDAQ:RCII) Files An 8-K Other Events
On June 27, 2019, the Company issued a press release announcing that its Board of Directors approved initiation of a quarterly cash dividend of $0.25 per share on its common stock subject to completion of the refinancing of the Company’s existing revolving credit facility and outstanding senior notes, which is expected to occur in the third quarter of 2019. The first quarterly dividend is expected to be declared in September 2019 and paid in October 2019. The declaration of any dividends is subject to review and approval by the Company\’s Board of Directors in its discretion. The decision of whether to pay any future dividends and the amount of any such dividends will be based on, among other things, the Company\’s financial position, results of operations, cash flows, capital requirements, contractual restrictions, the requirements of applicable law and any other factors that the Board of Directors may deem relevant.
The press release containing this announcement is furnished as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
>(d) The following exhibits are being filed herewith:
RENT A CENTER INC DE Exhibit
EX-99.1 2 exhibit991june272019divide.htm EXHIBIT 99.1 Wdesk | Exhibit Exhibit 99.1For Immediate Release:RENT-A-CENTER,…
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EX-99.1 2 exhibit991june272019divide.htm EXHIBIT 99.1 Wdesk | Exhibit Exhibit 99.1For Immediate Release:RENT-A-CENTER,…
To view the full exhibit click
hereAbout RENT-A-CENTER, INC. (NASDAQ:RCII)
Rent-A-Center, Inc. is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico and Franchising. Its Core U.S. and Mexico stores generally offer merchandise from over five basic product categories: consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories). The Acceptance Now segment provides an on-site rent-to-own option at a third-party retailer’s location. Its Franchising segment engages in the sale of rental merchandise to its franchisees who, in turn, offer the merchandise to the general public for rent or purchase under a rent-to-own transaction. It offers brands, such as LG, Frigidaire, Acer, Apple, Asus, Samsung, Ashley, Powell and Standard.
