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U-Haul Holding Company (NYSE: UHAL, UHAL.B) announced on March 3, 2023, a quarterly cash dividend of $0.04 per share on its Series N Non-Voting Common Stock. This dividend will be payable on March 27, 2023, to shareholders on record as of March 14, 2023. This marks the second dividend under the company’s policy initiated on October 25, 2022, indicating a commitment to regular dividends starting from the third quarter of fiscal 2023. U-Haul has established itself as a leading provider of moving and storage solutions across North America, boasting more than 23,000 locations and a vast fleet of rental equipment.
U-Haul Holding Company (NYSE: UHAL, UHAL.B) reported net earnings of $199.2 million for Q3 ending December 31, 2022, down from $281.5 million YoY. For the nine months, earnings were $885.3 million compared to $1,036.5 million last year. Self-moving equipment rental revenues fell by $76.7 million (8%), while self-storage revenues increased by $31.1 million (20%). Operating earnings in the Moving and Storage segment decreased by $99.1 million, with total revenues down by $25.2 million and costs increasing by $74.0 million. Cash and credit availability rose to $2.89 billion. An investor call is scheduled for February 9, 2023.
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