Aaron's Directors Declare Cash Dividend

Rhea-AI Summary

The Aaron's Company, a technology-enabled provider of lease-to-own and retail purchase solutions, declared a regular quarterly cash dividend of $0.125 per share. The dividend will be payable on July 3, 2024, to shareholders of record as of June 14, 2024.

Positive

• The company's decision to declare a cash dividend reflects its commitment to rewarding shareholders.
• The regular quarterly dividend of $0.125 per share can attract income-focused investors.

Negative

• None.

ATLANTA, May 6, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.125 per share and declared such dividend payable on July 3, 2024, to shareholders of record as of the close of business on June 14, 2024.

About The Aaron's Company, Inc. 
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,220 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with 11 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com. 

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SOURCE The Aaron's Company, Inc.

FAQ

When will the cash dividend be payable to shareholders?

The cash dividend will be payable on July 3, 2024.

What is the amount of the regular quarterly cash dividend per share?

The regular quarterly cash dividend is $0.125 per share.

When is the record date for shareholders to receive the dividend?

Shareholders of record as of June 14, 2024, will receive the dividend.

What is the stock symbol of The Aaron's Company?

The stock symbol is AAN.

What kind of solutions does The Aaron's Company provide?

The Aaron's Company is a provider of lease-to-own and retail purchase solutions.