To: Triffin who wrote (13468 ) 12/17/2012 1:30:13 PM From: Triffin Read Replies (2) | Respond to of 34328 RCII boosts dividend by 31% ===== December 17, 2012 09:03 AM Eastern Time Rent-A-Center, Inc. Increases Quarterly Cash Dividend from $0.16 to $0.21 Declares Cash Dividend for the First Quarter of 2013 11 th Consecutive Cash Dividend PLANO, Texas--( BUSINESS WIRE )--Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII), the nation’s largest rent-to-own operator, today announced that its Board of Directors has approved a 31% increase in its quarterly cash dividend from $0.16 per share to $0.21 per share, beginning with the dividend for the first quarter of 2013. The Company declared its eleventh consecutive cash dividend: a $0.21 per share cash dividend for the first quarter of 2013 to be paid to the Company’s common stockholders. The dividend will be paid on January 24, 2013, to common stockholders of record as of the close of business on January 3, 2013. “We are pleased that the strength of our financial position allows us to increase our dividend payout to shareholders” “We are pleased that the strength of our financial position allows us to increase our dividend payout to shareholders,” said Mark E. Speese, Chairman and Chief Executive Officer of the Company. “This dividend increase reflects not only our confidence in the Company’s strong cash flows, but also our belief that continued investments in our strategic initiatives will generate further growth and provide long-term value for our stockholders. While we continue to focus on both international and RAC Acceptance kiosk expansion, it is our intent to continue returning value to shareholders through increased dividends every year,” Mr. Speese concluded. Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own operator in North America, focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable goods such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The Company owns and operates approximately 3,100 stores in the United States, Canada, Mexico and Puerto Rico, and approximately 880 RAC Acceptance kiosk locations in the United States and Puerto Rico. ColorTyme, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 220 rent-to-own stores operating under the trade name of "ColorTyme." For additional information about the Company, please visit www.rentacenter.com . ===== Not a long dividend history with this company, but might be one to monitor going forward especially in light of their stated intention to grow the dividend on an annual basis .. Triff ..