The board of
directors also approved the repurchase of an additional
2,329,498 of common shares over the existing repurchase amount
of 2,670,502 shares.
The board of directors also approved the repurchase of an
additional 2,329,498 of common shares over the existing
repurchase amount of 2,670,502 shares, bringing to 5,000,000 the
total number of Aaron Rents common shares currently authorized
for repurchase.
"We are very pleased that our Company's progress enables us to
increase the dividend to our shareholders," said R. Charles
Loudermilk, Sr., Chairman and Chief Executive Officer.
Aarons reported third quarter sales were up 4% while profit
dropped 8% (see
story).
