Aaron Rents, Inc. Directors Raise Dividend by 6.3%
05 Novembre 2008 - 5:26PM
PR Newswire (US)
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. DATASOURCE: 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/
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