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Aaron's dividend jumps 15.4% to 15 cents a share

Furniture Today Staff -- Furniture Today, November 2, 2011

ATLANTA — Rent-to-own merchant Aaron's has raised the quarterly cash dividend on its stock by 15.4%, to 15 cents per share from 13 cents per share.

The next dividend is payable Jan. 4 to shareholders of record on Dec. 1.

"This is our sixth consecutive year of increasing the dividend rate," said Robin Loudermilk, president and CEO. "This dividend increase is a result of Aaron's outstanding financial performance, and we continue to feel very positive about the company's future."

Aaron's has 1,904 stores in 48 states and Canada and also manufactures furniture and bedding at 13 facilities in eight states.

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Aaron's raises its dividend 15.4% to 15 cents a share

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