FirstCash hikes dividend by 11.1%

FirstCash (FCFS) will raise its quarterly dividend by 11.1 percent to 30 cents per share in 2021. This follows a dividend hike of 8.0 percent to $0.27 per share announced in 2019. The pawn stores operator has now raised the annual dividend 5 straight years.

The next dividend will be paid on May 28, 2021 to stockholders of record as of May 14, 2021. The new annualized dividend rate of $1.20 per share yields 1.6% at a stock price of $79.

FirstCash, Inc. is an international operator of retail-based pawn stores in the United States, the District of Columbia and in Latin America. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, consumer electronics, tools, household appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property. The company operates in Mexico and the countries of Guatemala, El Salvador and Colombia.