United Rentals, Inc. (URI) to Issue Quarterly Dividend of $1.97 on February 25th

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Wednesday, February 11th will be given a dividend of 1.97 per share by the construction company on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, February 11th. This is a 10.1% increase from United Rentals’s previous quarterly dividend of $1.79.

United Rentals has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Rentals to earn $49.11 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 14.6%.

United Rentals Trading Down 13.1%

Shares of URI opened at $785.14 on Friday. The stock’s fifty day simple moving average is $850.02 and its 200-day simple moving average is $887.49. The firm has a market capitalization of $49.96 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.69. United Rentals has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.24 billion. United Rentals had a return on equity of 30.38% and a net margin of 15.49%.United Rentals’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.59 earnings per share. As a group, research analysts predict that United Rentals will post 44.8 earnings per share for the current year.

United Rentals announced that its board has approved a share repurchase program on Wednesday, January 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are 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.