ATLANTA, March 3, 2021 /PRNewswire/ -- The Aaron's
Company, Inc. (NYSE: AAN), a leading technology-enabled omnichannel
provider of lease-purchase solutions, announced that its Board of
Directors authorized a $150 million
share repurchase program for the company's outstanding common
stock. The program expires on December 31,
The board also approved a cash dividend of $0.10 per share on the company's common stock.
The dividend will be paid on April 6,
2021 to shareholders of record as of the close of business
on March 18, 2021. This is the first dividend declared by the
Board since the Company's spin-off from its former parent on
November 30, 2020 and represents an
initial annual dividend yield of approximately 1.8% based on the
closing price of the Company's common stock on March 2, 2021.
Headquartered in Atlanta, The
Aaron's Company, Inc. (NYSE: AAN), is a leading
technology-enabled omnichannel provider of lease-purchase
solutions. Aaron's engages in the sales and lease ownership and
specialty retailing of furniture, consumer electronics, appliances
and accessories through its approximately 1,300 Company-operated
and franchised stores in 47 states and Canada, as well as its e-commerce platform,
Aarons.com. For more information, visit investor.aarons.com or
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SOURCE The Aaron's Company, Inc.