FirstCash Inc. announced its full-year 2018 outlook and also raised its dividend.
For 2018, FirstCash expects adjusted EPS to be in the range of $3.15 to $3.35. The company expects merger expenses to be within a range of 3 cents per share to 6 cents per share, net of tax, for fiscal 2018.
In addition, FirstCash's board approved an increased annual dividend of 88 cents per share, or 22 cents per share quarterly, beginning in the first quarter of 2018. The dividend will be paid on Feb. 28 to stockholders of record as of Feb. 14.
For the fourth quarter of 2017, the company reported adjusted net income of $44.2 million, or 94 cents per share, compared with $37.5 million, or 77 cents per share, in the year-ago quarter.
For full year 2017, it recorded adjusted net income of $131.2 million, or $2.74 per share, up from $85.3 million, or $2.44 per share, in 2016.
