Upbound Group, Inc. Plans Quarterly Dividend of $0.39 (NASDAQ:UPBD)

Upbound Group, Inc. (NASDAQ:UPBD) announced a quarterly dividend on Thursday, December 4th. Shareholders of record on Wednesday, December 17th will be given a dividend of 0.39 per share on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, December 17th.

Upbound Group has increased its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. Upbound Group has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. 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 2.2%

Shares of Upbound Group stock traded down $0.42 on Thursday, reaching $18.54. The stock had a trading volume of 637,158 shares, compared to its average volume of 643,604. The company has a 50 day moving average price of $20.20 and a 200 day moving average price of $23.10. The company has a quick ratio of 0.98, a current ratio of 3.16 and a debt-to-equity ratio of 2.25. Upbound Group has a 1 year low of $15.82 and a 1 year high of $34.86. The stock has a market capitalization of $1.07 billion, a P/E ratio of 12.79 and a beta of 1.87.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, October 30th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. Upbound Group’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, equities research analysts forecast that Upbound Group will post 4.28 EPS for the current year.

Insider Buying and Selling

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the sale, the executive vice president owned 49,123 shares in the company, valued at approximately $1,239,373.29. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey J. Brown bought 1,951 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average cost of $22.27 per share, with a total value of $43,448.77. Following the completion of the acquisition, the director owned 90,965 shares in the company, valued at approximately $2,025,790.55. This represents a 2.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

A number of hedge funds have recently made changes to their positions in UPBD. The Manufacturers Life Insurance Company boosted its position in Upbound Group by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock worth $645,000 after acquiring an additional 482 shares during the last quarter. Amalgamated Bank lifted its stake in Upbound Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 15,275 shares of the company’s stock worth $361,000 after purchasing an additional 509 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Upbound Group by 3.9% during the 1st quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock worth $344,000 after purchasing an additional 540 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Upbound Group by 0.7% in the second quarter. Allianz Asset Management GmbH now owns 84,556 shares of the company’s stock valued at $2,122,000 after purchasing an additional 621 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Upbound Group by 5.5% in the second quarter. Nisa Investment Advisors LLC now owns 12,183 shares of the company’s stock valued at $311,000 after purchasing an additional 638 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.