Aaron's Announces Quarterly Cash Dividend and $150 Million Share Buyback Authorization
The Aaron's Company (NYSE: AAN) announced a $150 million share repurchase program for its common stock, authorized by the Board of Directors, which will expire on December 31, 2023. Additionally, the company declared a cash dividend of $0.10 per share, the first since its spin-off from its former parent on November 30, 2020. The dividend will be paid on April 6, 2021 to shareholders of record by March 18, 2021, representing an initial annual yield of approximately 1.8% based on the stock's closing price on March 2, 2021.
- $150 million share repurchase program enhances shareholder value.
- First dividend declaration post spin-off indicates financial stability.
- Initial annual dividend yield of approximately 1.8% adds income for investors.
- None.
ATLANTA, March 3, 2021 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading technology-enabled omnichannel provider of lease-purchase solutions, announced that its Board of Directors authorized a
The board also approved a cash dividend of
About Aaron's
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN), is a leading technology-enabled omnichannel provider of lease-purchase solutions. Aaron's engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, appliances and accessories through its approximately 1,300 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com. For more information, visit investor.aarons.com or Aarons.com.
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SOURCE The Aaron's Company, Inc.
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