Aaron's Holdings Directors Raise Dividend By 12.5%

Rhea-AI Summary

Aaron's Holdings Company, Inc. (NYSE: AAN) has announced a quarterly cash dividend of $0.045 per share, set for payment on November 20, 2020. This marks a 12.5% increase from the previous dividend of $0.04 per share, highlighting the company's commitment to returning value to shareholders. This dividend declaration is notable as it represents the eighteenth consecutive year the company has increased its dividend. Aaron's operates in the lease-purchase sector through various retail and online platforms.

Positive

• Quarterly cash dividend increased by 12.5%.
• Eighteenth consecutive year of dividend increase.
• Demonstrates strong commitment to shareholder returns.

Negative

• None.

ATLANTA, Nov. 5, 2020 /PRNewswire/ -- Aaron's Holdings Company, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per share and declared such dividend payable November 20, 2020 to shareholders of record as of the close of business on November 16, 2020.  This is an increase of 12.5% from the previous quarterly cash dividend of $0.04 per share and the eighteenth consecutive year the Company has increased its dividend.

Headquartered in Atlanta, Aaron's Holdings Company, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through more than 20,000 retail locations in 46 states. In addition, the Aaron's Business engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its approximately 1,400 Company-operated and franchised stores in 47 states, Canada, and Puerto Rico, as well as its e-commerce platform, Aarons.com. Vive Financial  provides a variety of second-look credit products that are originated through federally insured banks. For more information, visit investor.aarons.com, Aarons.com, ProgLeasing.com, and Vivecard.com.

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SOURCE Aaron's, Inc.

FAQ

What is the amount of the dividend declared by Aaron's Holdings (AAN)?

Aaron's Holdings has declared a quarterly cash dividend of $0.045 per share.

When is the dividend for AAN payable?

The dividend for AAN is payable on November 20, 2020.

What was the previous dividend amount for AAN before the increase?

The previous dividend amount was $0.04 per share.

How many consecutive years has AAN increased its dividend?

Aaron's Holdings has increased its dividend for eighteen consecutive years.

When was the dividend record date for AAN?

The record date for the dividend is November 16, 2020.