Rent-A-Center Stock To Go Ex-dividend Tomorrow (RCII)

NEW YORK ( TheStreet) -- The ex-dividend date for Rent-A-Center (Nasdaq: RCII) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $32.58 as of 10:05 a.m. ET, the dividend yield is 2%.

The average volume for Rent-A-Center has been 614,100 shares per day over the past 30 days. Rent-A-Center has a market cap of $1.95 billion and is part of the services sector and diversified services industry. Shares are down 11.9% year to date as of the close of trading on Tuesday.

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 11.5, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Rent-A-Center Ratings Report.

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