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

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 12th will be paid a dividend of 1.97 per share by the construction company on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 12th.

United Rentals has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Rentals to earn $53.16 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 14.8%.

United Rentals Stock Performance

NYSE:URI opened at $1,034.28 on Thursday. The firm has a market capitalization of $64.80 billion, a PE ratio of 26.38, a PEG ratio of 1.62 and a beta of 1.79. The firm’s fifty day simple moving average is $1,045.86 and its 200 day simple moving average is $915.44. United Rentals has a 1 year low of $701.59 and a 1 year high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $10.47 earnings per share. On average, sell-side analysts anticipate that United Rentals will post 46.85 EPS for the current year.

United Rentals Company Profile

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.