Upbound Group Boosts Quarterly Cash Dividend By 9% From $0.34 To $0.37 Per Share
Portfolio Pulse from Benzinga Newsdesk
Upbound Group has announced a 9% increase in its quarterly cash dividend, raising it from $0.34 to $0.37 per share. The dividend is scheduled to be paid on January 9, 2024, to stockholders of record as of December 19, 2023.
December 06, 2023 | 12:24 pm
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POSITIVE IMPACT
Upbound Group has raised its quarterly dividend by 9%, which may attract income-focused investors and potentially boost the stock's value in the short term.
Dividend increases are often seen as a sign of a company's financial health and future prospects. This announcement could lead to increased investor confidence and demand for UPBD shares, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100