A Dividend Stock for the Dow Rally

Stock The Dow Jones closed above 32,000 points for the first time on Wednesday, increasing 1.5% during the session. The stock market is showing signs of recovery from the recent pullback, and investors are looking for reliable picks. Dividend stocks are viable options while the Coronavirus still threatens the economy. Rent-A-Center Inc. (NYSE: RCII) is one of the best available.

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This company specializes in furniture, appliance, computer, smartphone, and electronic rental-purchase agreements. It operates throughout the United States, Canada, and Puerto Rico. With many families facing financial challenges following the worst months of the pandemic, rent-to-own programs are in high demand. Rent-A-Center is historically a strong performer, and earnings growth is expected to continue with an increase of at least 18% over the next year.

The stock has growth potential with an average target price of $67.71 and a high-end target price of $75.00. There’s also an income opportunity thanks to the 2.03% dividend yield on this stock today. Rent-A-Center is a unique consumer services stock to consider in March.

Key Data:

  • 1 Year Price Growth: 03%
  • YTD Price Growth: 62%
  • 3 Month Price Growth: 13%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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