United Rentals, Inc. (NYSE:URI) Shareholders to Collect $1.97 Quarterly Dividend

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, October 21st. Investors 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th.

United Rentals has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities 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 1.5%

United Rentals stock traded up $16.11 during mid-day trading on Thursday, hitting $1,085.09. 402,766 shares of the company’s stock were exchanged, compared to its average volume of 560,890. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a market cap of $67.54 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.52 and a beta of 1.83. United Rentals has a 1-year low of $701.59 and a 1-year high of $1,179.18. The stock has a 50 day moving average of $1,043.97 and a two-hundred day moving average of $1,018.19.

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