Herc Holdings dividend – Herc Holdings Declares Quarterly Dividend of $0.6325 per Share to North American Equipment Rental Suppliers
August 12, 2023
☀️Trending News
Herc Holdings ($NYSE:HRI) Inc., an equipment rental supplier to customers across North America, recently announced a regular quarterly dividend of $0.6325 per share. This dividend is intended to reward the company’s loyal shareholders. The company provides equipment rental solutions to construction and industrial customers, utilities and governments, as well as homeowners, helping them to manage their equipment needs.
In addition, Herc Holdings Inc. offers a range of services such as maintenance, repair and transportation services to meet the needs of the customers they serve. With the announcement of its quarterly dividend, Herc Holdings Inc. is rewarding its shareholders for their long-term commitment and loyalty.
Dividends – Herc Holdings dividend
This dividend marks the third dividend that HERC HOLDINGS has issued in the last three years, with the prior two annual dividends per share being 2.42 USD and 2.3 USD, respectively. The dividend yields from 2021 to 2023 are 1.89%, 1.7%, and 0.4%, respectively, with an average dividend yield of 1.33%. This dividend yield marks a significant return on investment for shareholders and demonstrates the company’s commitment to delivering value to its North American suppliers. With this announcement, HERC HOLDINGS continues to demonstrate its long-term success in the equipment rental sector.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Herc Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.07k | 341.9 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Herc Holdings. More…
| Operations | Investing | Financing |
| 1.07k | -1.74k | 649.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Herc Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.7k | 5.59k | 38.94 |
Key Ratios Snapshot
Some of the financial key ratios for Herc Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.4% | 39.4% | 20.3% |
| FCF Margin | ROE | ROA |
| -12.8% | 35.5% | 5.8% |
Price History
This announcement sent the company’s stock soaring, with the stock opening at $133.2 and closing at $134.9, up a total of 2.0% from the previous closing price of $132.3. This announcement comes as a welcome relief to shareholders, who have been eagerly anticipating a dividend increase since HERC’s stock price began to climb in the past year. HERC’s leadership team is confident that this dividend will continue to reward shareholders with continued returns and growth. With this move, HERC is continuing to prove itself as a leader in the equipment rental industry and a reliable source of income for its shareholders. Live Quote…
Analysis
As an analyst at GoodWhale, I have analyzed the fundamentals of HERC HOLDINGS and concluded that it is classified as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes HERC HOLDINGS an attractive opportunity for investors who are looking for companies with a strong competitive edge. In addition, HERC HOLDINGS has an intermediate health score of 6/10 with regards to its cashflows and debt, indicating that the company is likely to be able to pay off debt and fund future operations. When looking at other metrics, HERC HOLDINGS is strong in terms of growth, medium in dividend, profitability and weak in asset. Overall, HERC HOLDINGS presents investors with a unique opportunity to acquire a company with a significant competitive edge, which may enable them to benefit from long-term stability and high returns. More…
Peers
The company’s competitors include United Rentals Inc, Ashtead Group PLC, and H&E Equipment Services Inc.
– United Rentals Inc ($NYSE:URI)
United Rentals Inc is a North American equipment rental company with locations across the United States and Canada. The company has a market cap of 19.27B as of 2022 and a Return on Equity of 28.0%. United Rentals is the largest equipment rental company in the world, with over 850,000 rental items in their fleet. The company offers a wide variety of equipment for rent, including tools, aerial work platforms, and earthmoving equipment.
– Ashtead Group PLC ($LSE:AHT)
Ashtead Group PLC is a British multinational equipment rental company headquartered in Surrey, United Kingdom. It is the second-largest equipment rental company in the world, and has over 1,400 locations across 11 countries. The company offers a wide range of equipment for rent, including tools, aerial work platforms, cranes, and earthmoving equipment.
Ashtead Group PLC has a market cap of 18.89B as of 2022. The company’s return on equity (ROE) is 24.37%. Ashtead Group PLC is the second-largest equipment rental company in the world, and has over 1,400 locations across 11 countries. The company offers a wide range of equipment for rent, including tools, aerial work platforms, cranes, and earthmoving equipment.
– H&E Equipment Services Inc ($NASDAQ:HEES)
H&E Equipment Services, Inc. is a holding company, which engages in the provision of equipment rental and services. It operates through the following segments: Aerial, Earthmoving, Material Handling, and Construction Equipment. The Aerial segment offers boom lifts, scissor lifts, and telehandlers. The Earthmoving segment includes backhoe loaders, excavators, skid steer loaders, and track loaders. The Material Handling segment consists of container handlers, reach stackers, rough terrain forklifts, and telehandlers. The Construction Equipment segment comprises of compressors, generators, light towers, pumps, and welders. The company was founded in 1961 and is headquartered in Baton Rouge, LA.
Summary
Herc Holdings Inc. recently declared a regular quarterly dividend of $0.6325 per share, indicating a positive outlook for investors. Analysts suggest that the company’s outlook is strong, with solid financial performance as well as an attractive dividend yield. HERC’s stock prices have been trending steadily upwards over the past year, reflecting a positive performance in the industry.
Additionally, the company has strong cash flow from operations, a reliable customer base and a clear path to sustainable profits. Overall, HERC Holdings Inc. represents an attractive option for investors.
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