ATLANTA, Nov. 2, 2016 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics and home appliances and accessories, today announced that its quarterly dividend has been raised to $.0275 per share.
The Board of Directors of Aaron's, Inc. declared a quarterly cash dividend of $.0275 per share on Common Stock, payable January 3, 2017 to shareholders of record as of the close of business on December 12, 2016. This is an increase of 10.0% from the previous quarterly dividend of $.025 per share and the eleventh consecutive year of an increase in the quarterly dividend.
Aaron's, Inc. has more than 1,930 Company-operated and franchised stores in 47 states, the District of Columbia, and Canada. Aaron's was founded in 1955, is headquartered in Atlanta and has been publicly traded since 1982. Progressive Leasing, a leading virtual lease-to-own company, provides lease-purchase solutions through approximately 19,000 retail locations in 46 states. Dent-A-Med, Inc. (DAMI), d/b/a the HELPcard®, provides a variety of second-look credit products that are originated through a federally insured bank. Aaron's was founded in 1955, has been publicly traded since 1982 and owns the Aarons.com, ProgLeasing.com, and HELPcard.com brands. For more information, visit www.aarons.com.
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SOURCE Aaron's, Inc.