Aarons 2008 Annual Report Download - page 44

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Common Stock Market Prices and Dividends
The line graph above and the table below compare, for the
last five fiscal years of the Company, the yearly percentage
change in the cumulative total shareholder returns (assuming
reinvestment of dividends) on the Company’s Common Stock
with that of the S&P SmallCap 600 Index and a Peer Group.
For 2008, the Peer Group consisted of Rent-A-Center, Inc. The
stock price performance shown is not necessarily indicative of
future performance.
12/03 12/04 12/05 12/06 12/07 12/08
Aaron Rents, Inc. 100.00 186.63 157.76 215.87 144.67 200.70
S&P SmallCap 600 100.00 122.65 132.07 152.04 151.58 104.48
Peer Group 100.00 88.33 62.87 98.37 48.40 58.83
Market for Registrant’s Common Equity,
Related Stockholder Matters and Issuer Purchases
of Equity Securities
Market Information, Holders and Dividends
The Company’s Common Stock and Class A Common Stock are
listed on the New York Stock Exchange under the symbols “RNT”
and “RNTA”, respectively.
The number of shareholders of record of the Company’s
Common Stock and Class A Common Stock at February 19,
2009 was 271 and 109, respectively. The closing prices for the
Common Stock and Class A Common Stock at February 19, 2009
were $24.03 and $20.80, respectively.
The following table shows the range of high and low prices
per share for the Common Stock and Class A Common Stock and
the cash dividends declared per share for the periods indicated.
Cash
Dividends
Common Stock High Low Per Share
December 31, 2008
First Quarter $23.07 $13.27 $.016
Second Quarter 26.27 20.56 .016
Third Quarter 30.22 21.30 .016
Fourth Quarter 28.89 15.11 .017
December 31, 2007
First Quarter $30.56 $25.93 $.015
Second Quarter 30.72 25.72 .015
Third Quarter 29.70 20.16 .015
Fourth Quarter 22.85 18.23 .016
Cash
Dividends
Class A Common Stock High Low Per Share
December 31, 2008
First Quarter $ 21.01 $ 13.25 $.016
Second Quarter 24.00 19.00 .016
Third Quarter 25.92 19.50 .016
Fourth Quarter 23.50 13.50 .017
December 31, 2007
First Quarter $27.52 $23.40 $.015
Second Quarter 26.94 23.54 .015
Third Quarter 26.16 19.90 .015
Fourth Quarter 21.60 16.26 .016
Subject to our ongoing ability to generate sufficient income,
any future capital needs and other contingencies, we expect to
continue our policy of paying dividends. Our articles of incorpo-
ration provide that no cash dividends may be paid on our Class
A Common Stock unless equal or higher dividends are paid on
the Common Stock. Under our revolving credit agreement, we
may pay cash dividends in any fiscal year only if the dividends
do not exceed 50% of our consolidated net earnings for the
prior fiscal year plus the excess, if any, of the cash dividend
limitation applicable to the prior year over the dividend actually
paid in the prior year.
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