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Upbound Group, Inc. engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. The Rent-A-Center Business segment consists of company-owned rent-to-own stores in the United States and Puerto Rico. The Preferred Lease segment offers an on-site rent-to-own option at a third-party retailer's location. The Mexico segment consists of its company-owned rent-to-own stores in Mexico. The Franchising segment sells rental merchandise to its franchisees. The company was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.
Lease-to-own may not be the most glamorous business model, but there are some exciting opportunities in the space.
Don't overlook this lease-to-own company with a dividend yield approaching 7%.
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RCII earnings call for the period ending September 30, 2021.
RCII earnings call for the period ending June 30, 2021.
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