On May 5, 2021, Aarons (NYSE:AAN) declared a dividend payable on July 6, 2021 to its shareholders. Aarons also announced that shareholders on the company’s books on or before June 17, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Aarons is set for June 16, 2021. The company’s current dividend payout sits at $0.1, equating to a dividend yield of 1.3% at current price levels.
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company’s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Over the past year, Aarons has seen its dividend payouts and yields climb upward overall. Last year (June 17, 2020), the company’s payout sat at $0.04, which has since increased by $0.06. Aarons’s dividend yield last year was 0.49%, which has since grown by 0.81%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
To read more news on Aarons click here.
(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.
