Upbound Group declares $0.39 quarterly dividend

PLANO, Texas - Upbound Group, Inc. (NASDAQ:UPBD), a company offering financial solutions designed to serve underserved markets, has declared a quarterly cash dividend of $0.39 per share for the second quarter of 2025. This dividend, yielding an attractive 6.33% annually, is scheduled to be distributed on April 22, 2025, to shareholders who are on record as of April 2, 2025. InvestingPro data shows the company has consistently raised its dividend for three consecutive years, demonstrating its commitment to shareholder returns.

The announcement reflects Upbound Group’s ongoing commitment to providing value to its shareholders. The company’s portfolio includes Acima®, Brigit™, and Rent-A-Center®, which collectively cover a broad spectrum of consumer financial services, both in-store and online. With a strong current ratio of 2.91, Upbound Group maintains healthy liquidity while operating over 2,300 branded retail units throughout the United States, Mexico, and Puerto Rico.

The declaration of the dividend comes as Upbound Group continues to leverage technology and data to offer accessible and inclusive financial products. The company’s approach targets consumers who are often overlooked by traditional financial institutions, aiming to meet their changing needs and aspirations.

Investors in Upbound Group might view this regular dividend payment as a sign of the company’s financial health and its ability to generate consistent cash flow. Dividend payments are often seen as a reflection of a company’s confidence in its future earnings and stability.

This information is based on a press release statement from Upbound Group, Inc. The dividend payment is subject to the customary conditions and approval by the company’s board of directors. Shareholders of Upbound Group can expect to receive further details regarding the dividend payment process and any necessary actions they may need to take to ensure receipt of the dividend.

In other recent news, Upbound Group, Inc. reported fourth quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $1.05, surpassing the consensus estimate of $1.03. The company’s revenue for the quarter was $1.08 billion, slightly above the projected $1.06 billion and marking a 1.9% increase from the previous year. For the full year 2024, Upbound’s total revenue was reported at $4.3 billion, with GAAP diluted earnings per share of $2.21 and adjusted EPS at $3.83.

In a significant corporate development, Upbound Group announced a change in its financial oversight by appointing Deloitte & Touche LLP as its new independent auditor, replacing Ernst & Young LLP, effective for the fiscal year ending December 31, 2025. This decision followed a comprehensive review and solicitation of proposals from several accounting firms. There were no disagreements with Ernst & Young on any accounting principles or practices during the fiscal years ending December 31, 2023, and 2024.

This transition to Deloitte is part of Upbound Group’s ongoing commitment to maintaining robust financial governance and transparency. These recent developments highlight the company’s efforts to strengthen its financial reporting and oversight mechanisms.

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