ATLANTA, Nov. 9, 2015 /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 rate has been raised to $.025 per share.
The Board of Directors of Aaron's, Inc. declared a quarterly cash dividend of $.025 per share on Common Stock, payable January 4, 2016 to shareholders of record as of the close of business on December 1, 2015. This is an increase of 8.7% from the previous quarterly dividend of $.023 per share and the tenth consecutive year of an increase in the quarterly dividend rate.
About Aaron's, Inc.
Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, has more than 2,000 Company-operated and franchised stores in 48 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 wholly-owned subsidiary and leading virtual lease-to-own company, provides lease-purchase solutions through more than 16,000 retail locations in 46 states. Aaron's, Inc. includes the Aarons.com, ShopHomeSmart.com and ProgLeasing.com brands. For more information, visit www.aarons.com.
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SOURCE Aaron's, Inc.
Sharon J. Lawrence, Vice President, Finance, 678.402.3000