Aaron's, Inc. Directors Raise Dividend by 5.9%
05 November 2009 - 12:13AM
PR Newswire (US)
ATLANTA, Nov. 4 /PRNewswire-FirstCall/ -- Aaron's, Inc. (NYSE:AAN),
the nation's leader in the sales and lease ownership and specialty
retailing of residential and office furniture, consumer electronics
and home appliances and accessories, today announced that its
quarterly dividend rate has been raised to $.018 per share. The
Board of Directors of Aaron's, Inc. declared a quarterly cash
dividend of $.018 per share on Common Stock and $.018 per share on
Class A Common Stock, payable January 4, 2010 to shareholders of
record as of the close of business on December 1, 2009. This is an
increase of 5.9% from the previous quarterly dividend of $.017 per
share on both classes of stock. "This is the fifth consecutive year
we have increased our dividend rate," said Robert C. Loudermilk,
Jr., President and Chief Executive Officer. "This is a reflection
of the Company's performance and we believe Aaron's will continue
to grow in future periods with excellent financial returns for our
shareholders." Aaron's, Inc., based in Atlanta, currently has more
than 1,665 Company-operated and franchised stores in 48 states and
Canada. The Company also manufactures furniture and bedding at 12
facilities in five states. "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: Statements in
this news release regarding Aaron's, Inc.'s business that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties which could cause actual results to differ
materially from those contained in the forward-looking statements.
These risks and uncertainties include factors such as changes in
general economic conditions, competition, pricing, customer demand
and other issues, and the risks and uncertainties discussed under
"Risk Factors" in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2008. Statements in this release
that are "forward-looking" include without limitation Aaron's
potential future growth and financial performance. DATASOURCE:
Aaron's, Inc. CONTACT: Gilbert L. Danielson, Executive Vice
President and Chief Financial Officer of Aaron's, Inc.,
+1-404-231-0011
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