Upbound Group, Inc. (UPBD) to Issue Quarterly Dividend of $0.39 on October 27th

Upbound Group, Inc. (NASDAQ:UPBD) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Tuesday, October 6th will be paid a dividend of $0.39 per share on Tuesday, October 27th. This represents a $1.56 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Tuesday, October 6th.

Upbound Group has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Upbound Group has a dividend payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Upbound Group to earn $4.58 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 34.1%.

Upbound Group Price Performance

Shares of UPBD stock opened at $15.87 on Friday. Upbound Group has a fifty-two week low of $15.76 and a fifty-two week high of $24.76. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. The firm has a market capitalization of $925.22 million, a price-to-earnings ratio of 10.31 and a beta of 1.77. The stock’s 50-day simple moving average is $19.19 and its 200-day simple moving average is $18.97.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. Upbound Group’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. As a group, equities analysts forecast that Upbound Group will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on UPBD. TD Cowen lowered their price objective on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Zacks Research downgraded Upbound Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.00.

Upbound Group Company Profile

Upbound Group, Inc is a consumer leasing and retail services company headquartered in Plano, Texas. The company operates through two primary brands: Rent-A-Center, a lease-to-own provider, and Acima, a technology-enabled point-of-sale leasing platform. Its services are designed to give consumers access to household and consumer products through flexible leasing arrangements, including options that may not require traditional credit.

Rent-A-Center offers furniture, appliances, electronics, computers, smartphones and other durable goods through company-operated and franchised stores, as well as digital channels.