logo
Plus   Neg
Share
Email
Comment

Rent-A-Center Raises Authorization For Common Stock Repurchases To $1.25 Bln

Correction: In the second paragraph, to amend the number of shares repurchased to date as 31.59 million shares.

Rent-A-Center Inc. (RCII) said Friday its Board has increased the authorization for stock repurchases under its common stock repurchase plan to $1.25 billion from $1 billion.

To date, the the Plano, Texas-based company has repurchased a total of 31.59 million shares of its common stock for an aggregate purchase price of about $794.8 million since the repurchase plan's inception.

In the current year, the company has repurchased a total of 465,035 shares for about $17.4 million in cash.

Rent-A-Center leases household durable goods to customers on a rent-to-own basis. It offers products such as consumer electronics, appliances, and computers.

The company's stock closed Friday at $34.09, up 0.56%, on a volume of 600 thousand shares on the Nasdaq. In after hours, the stock dropped 0.11%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT