Aaron's raises dividend to 13 cents per share
Retailer has raised dividend rate for five consecutive years, CEO says
Furniture Today Staff -- Furniture Today, November 4, 2010
ATLANTA — Rent-to-own retailer Aaron's has bumped its quarterly dividend by 8.3%, to 13 cents per share from 12 cents, on both its common and Class A stock.
The new dividend is payable Jan. 4 to shareholders of record on Dec. 1.
"We have increased our quarterly dividend rate now for five consecutive years," said Robert Loudermilk Jr., president and CEO. "This dividend increase is a result of Aaron's growth and financial performance, and we continue to remain confident in the company's future prospects."
Atlanta-based Aaron's has more than 1,770 company-operated and franchised stores in 48 states and Canada, and also manufactures furniture and bedding at 11 facilities in five states.