Aaron’s Holdings Company, Inc. (PRG) to Issue Quarterly Dividend of $0.14 on March 24th

Aaron’s Holdings Company, Inc. (NYSE:PRG) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.14 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 7.7% increase from Aaron’s’s previous quarterly dividend of $0.13.

Aaron’s has decreased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Aaron’s has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of Aaron’s stock opened at $36.79 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.71 and a quick ratio of 2.32. The firm has a 50 day simple moving average of $32.86 and a 200 day simple moving average of $32.06. Aaron’s has a fifty-two week low of $23.50 and a fifty-two week high of $41.14. The firm has a market cap of $1.46 billion, a P/E ratio of 10.22 and a beta of 1.73.

Aaron’s (NYSE:PRG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. The firm had revenue of $525.36 million for the quarter, compared to analyst estimates of $581.82 million. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. Sell-side analysts predict that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

Several hedge funds have recently added to or reduced their stakes in PRG. Royal Bank of Canada grew its stake in Aaron’s by 23.4% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock valued at $955,000 after acquiring an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aaron’s by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock valued at $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC grew its position in shares of Aaron’s by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the period. Goldman Sachs Group Inc. increased its stake in Aaron’s by 5.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company’s stock worth $8,342,000 after purchasing an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in Aaron’s during the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

About Aaron’s

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.