United Rentals, Inc. Declares Quarterly Dividend of $1.97 (NYSE:URI)

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 13th will be paid a dividend of 1.97 per share by the construction company on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th.

United Rentals has a dividend payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Rentals to earn $52.51 per share next year, which means the company should continue to be able to cover its $7.88 annual dividend with an expected future payout ratio of 15.0%.

United Rentals Price Performance

Shares of NYSE URI opened at $803.41 on Thursday. United Rentals has a fifty-two week low of $588.35 and a fifty-two week high of $1,021.47. The firm’s 50-day simple moving average is $790.94 and its 200 day simple moving average is $841.72. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. The stock has a market cap of $50.53 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.30 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm posted $8.86 earnings per share. United Rentals’s revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that United Rentals will post 46.6 EPS for the current year.

United Rentals declared that its Board of Directors has authorized a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.