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Article: AARON RENTS, INC. CHANGES NAME OF CLASS B COMMON STOCK; DECLARES 100% STOCK DIVIDEND; INCREASES ANNUAL CASH DIVIDEND PAYOUT 5%

Article from:
PR Newswire
Article date:
May 7, 1996
Copyright

ATLANTA, May 7 /PRNewswire/ -- The Shareholders of Aaron Rents, Inc. (Nasdaq: ARONA ARONB) today approved a proposal to change the name of the Company's Class B Common Stock to Common Stock. The renamed Common Stock will be traded on the NASDAQ under the new symbol ARON, replacing the current ARONB symbol.

After the Annual Shareholders Meeting, the Board of Directors of the Company declared a 100% stock dividend on both Class A and Class B Common Stock to be paid in shares of the renamed Common Stock. The stock dividend will have the effect of a 2-for-1 stock split. In addition, the Directors declared a semi-annual cash dividend of $.02 per share on the Class A ...

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