NEW YORK ( TheStreet) -- The ex-dividend date for Rent-A-Center (Nasdaq: RCII) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $26 as of 9:30 a.m. ET, the dividend yield is 2.3%.

The average volume for Rent-A-Center has been 699,700 shares per day over the past 30 days. Rent-A-Center has a market cap of $1.7 billion and is part of the services sector and diversified services industry. Shares are down 19.4% year to date as of the close of trading on Monday.

Rent-A-Center, Inc., together with its subsidiaries, primarily engages in leasing household durable goods to customers on a rent-to-own basis. The company has a P/E ratio of 11.3, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Rent-A-Center as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Rent-A-Center Ratings Report.

See our dividend calendar or top-yielding stocks list.
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