Rent-A-Center Inc at Stephens Investment Conference (Virtual) Transcript
Good morning. Thanks, everyone, for attending. Those who've -- in person, thanks very much for being here, also those on the webcast. My name is Vincent Caintic, I'm a specialty finance analyst. I'm pleased to be welcoming the Rent-A-Center executive management team here. To my immediate right is Maureen Short, CFO; and to her right, Mitch Fadel, CEO.
Maybe if we can start off with some recent developments. So first, this morning you had a press release with some pretty nice news on capital return actions. Maybe if we can just talk about that initially.
Sure. So we did put out a press release this morning, announced that we increased our dividend by 10% and that we authorized a share repurchase program of $500 million. Back in August, we announced a $250 million share authorization. And we also announced this morning that we completed it. So given our stock price, we think share repurchases
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