United Rentals, Inc. (NYSE:URI) to Issue Quarterly Dividend of $1.79

United Rentals, Inc. (NYSE:URI) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Wednesday, November 12th will be given a dividend of 1.79 per share by the construction company on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, November 12th.

United Rentals has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 1.3%

URI opened at $989.61 on Thursday. The firm has a market cap of $63.67 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.31 and a beta of 1.73. United Rentals has a 12 month low of $525.91 and a 12 month high of $1,021.47. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average of $956.38 and a 200 day moving average of $805.28.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.80 EPS. United Rentals has set its FY 2025 guidance at EPS. As a group, research analysts forecast that United Rentals will post 44.8 EPS for the current year.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.