United Rentals, Inc. (NYSE:URI) Shares Will Pay Quarterly Dividend of $1.97

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.97 per share by the construction company on Wednesday, November 25th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 10th.

United Rentals has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Rentals to earn $56.94 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 13.8%.

United Rentals Stock Up 1.9%

Shares of United Rentals stock traded up $20.05 during trading hours on Thursday, hitting $1,089.03. The company had a trading volume of 432,713 shares, compared to its average volume of 561,248. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The company’s 50-day moving average is $1,043.97 and its two-hundred day moving average is $1,018.19. The company has a market cap of $67.78 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.83. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,179.18.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, topping the consensus estimate of $13.97 by $1.58. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the business earned $11.70 EPS. United Rentals’s revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts anticipate that United Rentals will post 49.11 earnings per share for the current fiscal year.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.