Aaron's Directors Raise Cash Dividend 12.5%

Rhea-AI Summary

The Aaron's Company, Inc. (NYSE: AAN) announced a 12.5% increase in its quarterly cash dividend to $0.1125 per share, payable on April 5, 2022, to shareholders of record by March 17, 2022. This marks a rise from the previous dividend of $0.10 per share. Headquartered in Atlanta, Aaron's is known for its lease-to-own and purchase solutions across approximately 1,300 stores in the U.S. and Canada, alongside its e-commerce platform.

Positive

• Quarterly cash dividend raised by 12.5% to $0.1125 per share, reflecting company confidence.
• Dividend payable April 5, 2022, providing timely income for shareholders.

Negative

• None.

ATLANTA, Feb. 21, 2022 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions, today announced that its Board of Directors has raised its quarterly cash dividend to $0.1125 per share and declared such dividend payable April 5, 2022, to shareholders of record as of the close of business on March 17, 2022. This is an increase of 12.5% from the previous quarterly cash dividend of $0.10 per share.

About Aaron's
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN), is a leading, technology-enabled, omnichannel provider of lease-to-own and 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.

FAQ

What is the new dividend amount for AAN?

The new quarterly dividend amount for AAN is $0.1125 per share.

When will the dividend be paid for AAN?

The dividend will be paid on April 5, 2022.

Who will receive the dividend from AAN?

Shareholders of record as of March 17, 2022, will receive the dividend.

How much was the previous dividend for AAN?

The previous quarterly cash dividend was $0.10 per share.

What does the increase in dividend indicate for AAN shareholders?

The 12.5% increase indicates the company's confidence in its financial performance.