Aaron’s, Inc. (AAN) To Go Ex-Dividend on June 23rd

Aaron’s, Inc. (NYSE:AAN) announced a quarterly dividend on Thursday, May 18th, Wall Street Journal reports. Stockholders of record on Tuesday, June 27th will be given a dividend of 0.0275 per share on Monday, July 3rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, June 23rd.

Aaron’s, has increased its dividend by an average of 25.2% per year over the last three years and has raised its dividend every year for the last 10 years. Aaron’s, has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aaron’s, to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 4.0%.

Shares of Aaron’s, (AAN) opened at 38.66 on Thursday. Aaron’s, has a 1-year low of $20.50 and a 1-year high of $40.33. The stock has a 50 day moving average price of $37.04 and a 200-day moving average price of $32.14. The stock has a market capitalization of $2.73 billion, a PE ratio of 19.65 and a beta of 0.18.

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, April 28th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.14. The firm had revenue of $844.60 million during the quarter, compared to analyst estimates of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, analysts forecast that Aaron’s, will post $2.40 earnings per share for the current year.

Dividend History for Aaron`s,  (NYSE:AAN)

AAN has been the subject of several recent research reports. Jefferies Group LLC boosted their price target on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Loop Capital reissued a “hold” rating and issued a $28.00 price target on shares of Aaron’s, in a research report on Sunday, April 23rd. Zacks Investment Research raised Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $38.00.

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In related news, CAO Robert W. Kamerschen sold 4,000 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $30.32, for a total transaction of $121,280.00. Following the transaction, the chief accounting officer now directly owns 36,999 shares of the company’s stock, valued at approximately $1,121,809.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $36.80, for a total value of $552,000.00. Following the transaction, the chief executive officer now directly owns 363,440 shares in the company, valued at $13,374,592. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $860,230 over the last ninety days. 1.93% of the stock is currently owned by corporate insiders.

About Aaron’s,

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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