AMERCO (NASDAQ:UHAL) to Issue Quarterly Dividend of $0.50

AMERCO (NASDAQ:UHAL) declared a quarterly dividend on Wednesday, December 11th, Wall Street Journal reports. Investors of record on Thursday, December 19th will be given a dividend of 0.50 per share by the transportation company on Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, December 18th.

NASDAQ:UHAL traded down $2.21 during trading hours on Wednesday, hitting $356.24. 39,206 shares of the company’s stock traded hands, compared to its average volume of 48,283. The firm has a market cap of $7.04 billion, a P/E ratio of 18.25 and a beta of 0.67. AMERCO has a twelve month low of $319.51 and a twelve month high of $426.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.72 and a current ratio of 1.91. The stock’s fifty day moving average price is $381.57 and its two-hundred day moving average price is $376.55.

AMERCO (NASDAQ:UHAL) last issued its earnings results on Wednesday, November 6th. The transportation company reported $7.97 EPS for the quarter, missing analysts’ consensus estimates of $8.94 by ($0.97). AMERCO had a net margin of 9.50% and a return on equity of 9.25%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $8.35 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that AMERCO will post 17.46 earnings per share for the current year.

Separately, BidaskClub downgraded AMERCO from a “hold” rating to a “sell” rating in a research note on Monday, November 25th.

About AMERCO

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

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Dividend History for AMERCO (NASDAQ:UHAL)

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