Upbound Group, Inc. (NASDAQ:UPBD) to Issue $0.39 Quarterly Dividend

Upbound Group, Inc. (NASDAQ:UPBD) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.39 per share on Tuesday, October 21st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, September 30th.

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 Up 1.9%

Upbound Group stock opened at $24.44 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The company has a 50-day simple moving average of $24.46 and a 200-day simple moving average of $24.04. Upbound Group has a one year low of $19.65 and a one year high of $36.00. The firm has a market capitalization of $1.42 billion, a P/E ratio of 13.73 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $1.04 EPS. Upbound Group’s quarterly revenue was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, equities analysts expect that Upbound Group will post 4.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown purchased 1,653 shares of the company’s stock in a transaction on Tuesday, July 8th. The stock was bought at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the transaction, the director owned 89,400 shares of the company’s stock, valued at approximately $2,315,460. This represents a 1.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ralph T. Montrone sold 6,000 shares of the firm’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 transaction of $151,380.00. Following the sale, the executive vice president directly owned 49,123 shares of the company’s stock, valued at $1,239,373.29. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Upbound Group

Several hedge funds have recently modified their holdings of the business. Ieq Capital LLC increased its stake in shares of Upbound Group by 517.8% in the 2nd quarter. Ieq Capital LLC now owns 4,535,114 shares of the company’s stock valued at $113,831,000 after buying an additional 3,801,043 shares during the period. Azora Capital LP acquired a new position in shares of Upbound Group in the second quarter valued at about $18,961,000. Nuveen LLC acquired a new stake in shares of Upbound Group during the 1st quarter worth approximately $10,023,000. LSV Asset Management boosted its position in Upbound Group by 20.9% in the second quarter. LSV Asset Management now owns 2,041,415 shares of the company’s stock valued at $51,240,000 after buying an additional 352,264 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its position in Upbound Group by 78.3% in the 1st quarter. Bragg Financial Advisors Inc now owns 724,231 shares of the company’s stock valued at $17,353,000 after acquiring an additional 318,060 shares during the period. 90.30% of the stock is owned by institutional investors.

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.