Upbound Group Inc (NAS:UPBD)
$ 29.165 -0.845 (-2.82%) Market Cap: 1.64 Bil Enterprise Value: 3.07 Bil PE Ratio: 20.55 PB Ratio: 2.68 GF Score: 83/100
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Rent-A-Center Inc at Stephens Investment Conference (Virtual) Transcript

Dec 03, 2021 / 02:00PM GMT
Release Date Price: $45.55 (+1.72%)
Vincent Albert Caintic
Stephens Inc., Research Division - MD & Senior Specialty Finance Analyst

Good morning. Thanks, everyone, for attending. Those who've -- in person, thanks very much for being here, also those on the webcast. My name is Vincent Caintic, I'm a specialty finance analyst. I'm pleased to be welcoming the Rent-A-Center executive management team here. To my immediate right is Maureen Short, CFO; and to her right, Mitch Fadel, CEO.

Maybe if we can start off with some recent developments. So first, this morning you had a press release with some pretty nice news on capital return actions. Maybe if we can just talk about that initially.

Maureen B. Short
Rent-A-Center, Inc. - Executive VP & CFO

Sure. So we did put out a press release this morning, announced that we increased our dividend by 10% and that we authorized a share repurchase program of $500 million. Back in August, we announced a $250 million share authorization. And we also announced this morning that we completed it. So given our stock price, we think share repurchases

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