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Aaron Rents raises stock dividend by 6.3%
Board wants to reward shareholders
Furniture Today Staff -- Furniture Today, November 5, 2008
ATLANTA — Directors of rent-to-own major Aaron Rents have raised the quarterly dividend to 17 cents per share.That represents an increase of 1 cent per share, or 6.3%
"Our directors were pleased to approve this dividend increase as a way to reward our shareholders for their confidence in Aaron Rents," said Robert Loudermilk Jr., president and CEO. "We remain positive about our company's prospects for continuing growth even in difficult times."
The new dividend, which is applicable to the company's common stock and class A common stock, is payable Jan. 2 to stockholders of record on Dec. 1.
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