AMERCO Plans Special Dividend of $0.50 (UHAL)

AMERCO (NASDAQ:UHAL) declared a special dividend on Tuesday, March 13th, Wall Street Journal reports. Shareholders of record on Friday, March 23rd will be given a dividend of 0.50 per share by the transportation company on Friday, April 6th. The ex-dividend date is Thursday, March 22nd.

AMERCO (NASDAQ UHAL) traded up $3.76 during trading on Tuesday, reaching $340.71. The company’s stock had a trading volume of 85,794 shares, compared to its average volume of 75,535. AMERCO has a 12-month low of $326.30 and a 12-month high of $400.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.93 and a current ratio of 3.13. The company has a market cap of $6,694.88, a price-to-earnings ratio of 21.84 and a beta of 1.04.

AMERCO (NASDAQ:UHAL) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.20 by ($6.86). AMERCO had a net margin of 22.22% and a return on equity of 9.96%. The business had revenue of $842.88 million during the quarter, compared to the consensus estimate of $784.80 million. During the same quarter in the previous year, the business posted $3.33 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts expect that AMERCO will post 22.65 earnings per share for the current year.

In related news, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $381.16, for a total transaction of $76,232.00. Following the sale, the director now owns 5,800 shares of the company’s stock, valued at approximately $2,210,728. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karl A. Schmidt acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average cost of $353.97 per share, for a total transaction of $353,970.00. Following the acquisition, the director now owns 1,300 shares in the company, valued at $460,161. The disclosure for this purchase can be found here. Company insiders own 42.60% of the company’s stock.

Several brokerages have recently issued reports on UHAL. BidaskClub lowered AMERCO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 6th. ValuEngine upgraded AMERCO from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

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AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through and eMove Websites.

Dividend History for AMERCO (NASDAQ:UHAL)

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