"We anticipate record revenues and earnings
for 2003, and our future growth prospects are excellent"
R. Charles Loudermilk, Sr
Aaron Rents CEO
The dividend declared represents a 54% increase
over the previous semi- annual rate of $.013 per share. In
August 2003 the Company also declared a 50% stock dividend on
both Common Stock and Class A Common Stock, which had the effect
of a 3 for 2 stock split.
"The Board of Directors felt it appropriate to
increase our dividend payout at this time," said R. Charles
Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron
Rents. "We anticipate record revenues and earnings for 2003, and
our future growth prospects are excellent. Our balance sheet is
extremely strong and we are confident that the Company can
continue funding growth opportunities while increasing dividends
to shareholders."