PR Newswire
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, 2023 .
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 .
About Aaron's
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 Aarons.com.
SOURCE The Aaron's Company, Inc.