Rent-A-Center, Inc. Declares Cash Dividend for the Second Quarter of 2013

  Rent-A-Center, Inc. Declares Cash Dividend for the Second Quarter of 2013

                       12^th Consecutive Cash Dividend

Business Wire

PLANO, Texas -- March 7, 2013

Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII), the nation’s largest
rent-to-own operator, today announced that its Board of Directors has declared
a $0.21 per share cash dividend for the second quarter of 2013 to be paid to
the Company’s common stockholders. The dividend will be paid on April 25,
2013, to common stockholders of record as of the close of business on April 4,
2013.

Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own
operator in North America, focused on improving the quality of life for its
customers by providing them the opportunity to obtain ownership of
high-quality, durable goods such as consumer electronics, appliances,
computers, furniture and accessories, under flexible rental purchase
agreements with no long-term obligation. The Company owns and operates
approximately 3,100 stores in the United States, Canada, Mexico and Puerto
Rico, and approximately 1,035 RAC Acceptance kiosk locations in the United
States and Puerto Rico. ColorTyme, Inc., a wholly owned subsidiary of the
Company, is a national franchiser of approximately 225 rent-to-own stores
operating under the trade name of “ColorTyme.” For additional information
about the Company, please visit www.rentacenter.com.

This press release and the guidance above contain forward-looking statements
that involve risks and uncertainties. Such forward-looking statements
generally can be identified by the use of forward-looking terminology such as
"may," "will," "expect," "intend," "could," "estimate," "should,"
"anticipate," or "believe," or the negative thereof or variations thereon or
similar terminology. Although the Company believes that the expectations
reflected in such forward-looking statements will prove to be correct, the
Company can give no assurance that such expectations will prove to have been
correct. The actual future performance of the Company could differ materially
from such statements. Factors that could cause or contribute to such
differences include, but are not limited to: uncertainties regarding the
ability to open new locations; the Company's ability to acquire additional
stores or customer accounts on favorable terms; the Company's ability to
control costs and increase profitability; the Company's ability to enhance the
performance of acquired stores; the Company's ability to retain the revenue
associated with acquired customer accounts; the Company's ability to identify
and successfully market products and services that appeal to its customer
demographic; the Company's ability to enter into new and collect on its rental
or lease purchase agreements; the passage of legislation adversely affecting
the rent-to-own industry; the Company's compliance with applicable statutes or
regulations governing its transactions; changes in interest rates; changes in
the unemployment rate; economic pressures, such as high fuel costs, affecting
the disposable income available to the Company's current and potential
customers; the general strength of the economy and other economic conditions
affecting consumer preferences and spending; adverse changes in the economic
conditions of the industries, countries or markets that the Company serves;
the Company’s available cash flow; changes in the Company's stock price, the
number of shares of common stock that it may or may not repurchase, and future
dividends, if any; changes in estimates relating to self-insurance liabilities
and income tax and litigation reserves; changes in the Company's effective tax
rate; fluctuations in foreign currency exchange rates; information security
costs; the Company's ability to maintain an effective system of internal
controls; the resolution of the Company's litigation; and the other risks
detailed from time to time in the Company's SEC reports, including but not
limited to, its annual report on Form 10-K for the year ended December31,
2012. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. Except as
required by law, the Company is not obligated to publicly release any
revisions to these forward-looking statements to reflect the events or
circumstances after the date of this press release or to reflect the
occurrence of unanticipated events.

Contact:

Rent-A-Center, Inc.
David E. Carpenter, 972-801-1214
Vice President of Investor Relations
david.carpenter@rentacenter.com
 
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