ITEM 8.01. OTHER EVENTS OnMarch 3, 2021 , The Aaron'sCompany, Inc. (the "Company") issued a press release announcing that onMarch 3, 2021 , its Board of Directors approved a new share repurchase program for up to$150 million of the Company's outstanding common stock. The program expires onDecember 31, 2023 . The Company also announced that its Board of Directors approved a first quarter cash dividend of$0.10 per share on the Company's common stock. The dividend will be paid onApril 6, 2021 to shareholders of record as of the close of business onMarch 18, 2021 . This is the first dividend declared by the Company's Board of Directors since the Company's spin-off from its former parent onNovember 30, 2020 and represents an initial annual dividend yield of approximately 1.8% based on the closing price of the Company's common stock onMarch 2, 2021 . A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
--------------------------------------------------------------------------------
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits: Exhibit No. Description 99.1 Press release datedMarch 3, 2021 . Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
--------------------------------------------------------------------------------
© Edgar Online, source