LONDON, UK / ACCESSWIRE / December 11, 2017 / Active-Investors has a free review on Aaron's, Inc. (NYSE: AAN) following the Company's announcement that it will begin trading ex-dividend on December 12, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 11, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AAN:
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Dividend Declared
On November 08, 2017, Aaron's announced that its quarterly dividend has been raised to $.030 per share. Aaron's Board of Directors declared a quarterly cash dividend of $.030 per share on Common Stock, payable January 02, 2018, to shareholders of record as of the close of business on December 13, 2017. This was an increase of 10.0% from the previous quarterly dividend of $.0275 per share.
Aaron's indicated dividend represents a yield of 0.32% compared to the average dividend yield of 1.90% for the Services sector. The Company's announcement was the twelfth consecutive year of an increase in the quarterly dividend.
Dividend Insights
Aaron's has a dividend payout ratio of 4.9%, which denotes that the Company spends approximately $0.05 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Aaron's is forecasted to report earnings of $2.91 per share for the next year, which is substantially above the Company's annualized dividend of $0.12 per share.
Aaron's generated $180.3 million in cash from operations during the nine months ended September 30, 2017, and ended Q3 2017 with $126.3 million in cash compared to a cash balance of $308.6 million at the end of 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Aaron's, Inc.
Headquartered in Atlanta, Aaron's is a leading omnichannel provider of lease-purchase solutions. Aaron's Business engages in sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances, and accessories through its more than 1,750 Company-operated and franchised stores in 47 states and Canada as well as its ecommerce platform, Aarons.com.
In addition, Progressive Leasing, a virtual lease-to-own Company, provides lease-purchase solutions through approximately 27,000 retail locations in 46 states.
Stock Performance Snapshot
December 08, 2017 - At Friday's closing bell, Aaron's stock rose 1.43%, ending the trading session at $38.98.
Volume traded for the day: 1.09 million shares, which was above the 3-month average volume of 978.24 thousand shares.
Stock performance in the last month - up 8.31%; past twelve-month period - up 19.79%; and year-to-date - up 21.85%
After last Friday's close, Aaron's market cap was at $2.76 billion.
Price to Earnings (P/E) ratio was at 20.58.
The stock has a dividend yield of 0.31%.
The stock is part of the Services sector, categorized under the Rental & Leasing Services industry. This sector was up 0.5% at the end of the session.
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