Aaron’s, Directors Approve 16.7% Dividend Hike
Directors of rent-to-own major Aaron’s Inc. (NYSE: AAN) have increased the quarterly cash dividend by 16.7 percent to 3.5 cents per share.
The company said it marked the 16th straight year the quarterly dividend has been increased.
The new dividend is payable Jan. 7 to stockholders of record at the close of business on Dec. 20.
Aaron’s operates about 1,700 company-owned and franchised stores in 47 states, Canada, and Puerto Rico.