As per Rent-A-Center Inc. (NASDAQ:RCII)’s news release on 2016-06-03, its shareholders will get cash dividend of $0.08 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-05 and 2016-07-21, respectively.
The stock will commence trading ex-dividend from 2016-06-30, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Rent-A-Center Inc. (NASDAQ:RCII) disbursed $0.08 in dividend compared to distribution of $0.08, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 3.2258%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Rent-A-Center Inc. (NASDAQ:RCII) to attain a price target of $19. It is an average estimate figure given by 1 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $19. The low price range is set at $19 for next year while the arithmetic mean is seen at 2.5.
Eyeing Earnings Rent-A-Center Inc. (NASDAQ:RCII) is likely to post quarterly numbers around 2016-10-24 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.4 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Rent-A-Center Inc. (NASDAQ:RCII) earnings came at $0.41 suggesting a deviation of $-0.09. The brokerages targeted EPS of $0.5 for the quarter.
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