ATLANTA, Nov. 5 /PRNewswire-FirstCall/ -- 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, today announced that the quarterly dividend rate
has been raised to $.017 per share.
The Board of Directors of Aaron Rents declared a quarterly cash dividend
of $.017 per share on Common Stock and $.017 per share on Class A Common
Stock, payable January 2, 2009 to shareholders of record as of the close of
business on December 1, 2008. This is an increase of 6.3% from the previous
quarterly dividend of $.016 per share on both classes of stock.
"Our directors were pleased to approve this dividend increase as a way to
reward our shareholders for their confidence in Aaron Rents," said Robert C.
Loudermilk, Jr., President and Chief Executive Officer. "We remain positive
about our Company's prospects for continuing growth even in difficult economic
times."
Aaron Rents, Inc., based in Atlanta, currently has more than 1,585
Company- operated and franchised stores in 48 states and Canada 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 12 facilities in five 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 "Risk Factors" in the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2007. Statements
in this release that are "forward-looking" include without limitation
references to Aaron Rents' potential future growth.
SOURCE Aaron Rents, Inc.
CONTACT: Gilbert L. Danielson, Executive Vice President, Chief Financial
Officer of Aaron Rents, Inc., +1-678-402-3334
Web site: http://www.aaronrents.com
(RNT)