Aaron's Directors Raise Cash Dividend Over 11%

Rhea-AI Summary

The Aaron's Company (NYSE: AAN) announced a quarterly cash dividend increase to $0.125 per share, up more than 11% from the previous $0.1125. The dividend is payable on April 4, 2023, to shareholders recorded as of March 16, 2023. This move reflects the company's commitment to returning value to shareholders amidst its ongoing growth as a leading technology-enabled provider of lease-to-own solutions across North America.

Positive

• Quarterly cash dividend increased to $0.125 per share, reflecting over 11% growth.

Negative

• None.

News Market Reaction – AAN

-14.10%

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-14.10% News Effect

On the day this news was published, AAN declined 14.10%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, March 1, 2023 /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 raised its quarterly cash dividend to $0.125 per share and declared such dividend payable April 4, 2023, to shareholders of record as of the close of business on March 16, 2023. This is an increase of over 11% from the previous quarterly cash dividend of $0.1125 per share.

About The Aaron's Company, Inc.

Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) 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 1,275 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 ten 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

What is the new dividend amount for Aaron's Company (AAN)?

The new dividend amount is $0.125 per share.

When is the dividend for AAN payable?

The dividend is payable on April 4, 2023.

What is the record date for the AAN dividend?

The record date for the dividend is March 16, 2023.

How much was the previous dividend for Aaron's Company?

The previous dividend was $0.1125 per share.

What does the dividend increase indicate for shareholders of AAN?

The dividend increase indicates the company's commitment to returning value to its shareholders.