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Fort Worth-based pawn operator FirstCash Holdings is increasing its quarterly dividend by 9.5%, pushing the payout to 46 cents per share from the previous 42 cents. The move follows a period of stable market performance for the company, reflecting adjustments to its capital allocation strategy for the final quarter.
The new dividend rate translates to an annualized payout of $1.84 per share. Based on Wednesday’s closing market price of $216.75, the stock now offers an annual yield of approximately 0.85%, an increase from the prior 0.78% yield.
Management confirmed the dividend is scheduled for distribution on November 24 to all shareholders of record as of November 13.
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