Aaron's Inc. raises quarterly dividend by 23.5%

ATLANTA — Rent-to-own retailer Aaron's Inc. has raised its quarterly cash dividend to 21 cents a share, 23.5% increase over the previous quarterly dividend of 17 cents per share.

The dividend is payable on Jan. 3 to shareholders of record on Dec. 2.

"With our financial performance and strong balance sheet we feel continuing to increase the dividend rate is appropriate at this time," Ronald W. Allen, president and CEO, said in a statement. "We remain optimistic on the future prospects for the company."

Aaron's has more than 2,115 company-operated and franchised stores in 48 states and in Canada. Its Woodhaven Furniture Inds. division manufacturers furniture and bedding at 14 facilities in seven states.

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