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.

ILLEGAL ACTIVITY WARNING: This report was first reported by Mideast Time and is the sole property of of Mideast Time. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.mideasttime.com/aarons-inc-aan-to-go-ex-dividend-on-june-23rd/1801268.html.

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”});

Receive News & Ratings for Aaron's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2017 Mideast Time.