The Aaron's Company, Inc. (AAN) will start paying a quarterly dividend of $0.10 per share in 2021. This is the first dividend declared by the Board since the company's spin-off from its former parent on November 30, 2020.

The dividend will be paid on April 6, 2021 to shareholders of record as of the close of business on March 18, 2021. The annual dividend yield is approximately 1.8% based on the closing price of the company's common stock on March 2, 2021. Aaron's will now pay shareholders a total dividend of $14 million annually.

The Aaron's Company, Inc. is a technology-enabled omnichannel provider of lease-purchase solutions. Aaron's engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, appliances and accessories through its company-operated and franchised stores in the United States and Canada, as well as its e-commerce platform, Aarons.com.