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FirstCash Holdings Lifts Quarterly Dividend Payout

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.

FirstCash Holdings Lifts Quarterly Dividend Payout

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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