Aaron’s Holdings Company, Inc. Declares Quarterly Dividend of $0.13 (NYSE:PRG)

Aaron’s Holdings Company, Inc. (NYSE:PRG) declared a quarterly dividend on Thursday, November 6th. Investors of record on Tuesday, November 18th will be given a dividend of 0.13 per share on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 18th.

Aaron’s has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Aaron’s has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Aaron’s to earn $4.13 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 12.6%.

Aaron’s Price Performance

Shares of PRG traded down $0.34 during midday trading on Friday, reaching $27.41. The stock had a trading volume of 64,032 shares, compared to its average volume of 471,907. Aaron’s has a 52 week low of $23.50 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The firm’s 50 day moving average price is $32.67 and its 200-day moving average price is $30.81. The company has a market capitalization of $1.08 billion, a P/E ratio of 6.94 and a beta of 1.77.

Aaron’s (NYSE:PRG) last issued its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The firm had revenue of $595.11 million during the quarter, compared to analysts’ expectations of $586.11 million. During the same period last year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. On average, analysts forecast that Aaron’s will post 3.45 earnings per share for the current fiscal year.

About Aaron’s

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.