ATLANTA, Aug. 4 /PRNewswire-FirstCall/ -- The Board of Directors of Aaron
Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership,
specialty retailing and rental of residential and office furniture, consumer
electronics and home appliances and accessories, has declared a quarterly cash
dividend. The dividend declared is $.014 per share on Common Stock and $.014
per share on Class A Common Stock, payable October 3, 2005 to shareholders of
record as of the close of business on September 1, 2005. This is an increase
of 7.7% from the previous quarterly dividend of $.013 per share on both
classes of stock.
"We have tripled our annual dividend payout over the last three years,"
said R. Charles Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron
Rents. "The Company has achieved outstanding growth and financial results
over this time, and Aaron Rents stock has substantially appreciated in value.
The increases in dividends are a reflection of this performance and our
positive outlook for the future."
Aaron Rents, Inc. based in Atlanta, currently has more than 1,124 Company-
operated and franchised stores in 46 states, Canada, and Puerto Rico for the
rental and sale of residential and office furniture, accessories, consumer
electronics and household appliances. The Company also manufactures furniture,
bedding and accessories at 10 facilities in four states.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this news release regarding Aaron Rents, Inc.'s
business which 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 "Certain Factors Affecting Forward
Looking Statements" in the Company's Annual Report on Form 10-K for fiscal
2004, which discussion is incorporated herein by this reference.
SOURCE Aaron Rents, Inc.
CONTACT:
Gilbert L. Danielson
Executive Vice President, Chief Financial
Officer of Aaron Rents, Inc.
+1-404-231-0011 x3334
Web site: http://www.aaronrents.com
(RNT)