Herc Holdings Inc. announces quarterly dividend
Board of Directors increased Q1 dividend 15 percent to $0.575 per share.
The Herc Holdings Inc. board of directors declared a quarterly dividend of $0.575 per share, payable to shareholders of record on February 23, 2022, with a payment date of March 10, 2022. The Company inaugurated its first quarterly dividend payment of $0.50 per share in the fourth quarter of 2021.
“We are pleased to start 2022 with a 15 percent increase in our quarterly dividend,” says Larry Silber, president and chief executive officer. “We are committed to delivering long-term sustainable value to shareholders with a balanced, disciplined and opportunistic approach to capital deployment. With our available liquidity, we plan to continue to invest in organic growth and M&A and will consider future dividend growth in line with our long-term business performance.”
At the new rate, the indicated dividend on an annual basis is $2.30 per share compared to the previous rate of $2.00 per share.
Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is one of the leading equipment rental suppliers with 312 locations in North America. With more than 55 years of experience, it is a full-line equipment rental supplier offering a broad portfolio of equipment for rent. The company has approximately 5,600 employees who equip our customers and communities to build a brighter future. Herc Holdings’ 2020 total revenues were approximately $1.8 billion.
PRO CONTRACTOR RENTALS MAGAZINE
Pro Contractor Rentals provides information of value to rental centers who focus time, resources and attention on meeting the demands of construction contractors and other equipment rental customers.
