AMERCO Announces Quarterly Cash Dividend
On December 7, 2022, AMERCO (Nasdaq: UHAL, UHALB) announced a quarterly cash dividend of $0.04 per share for its Series N Non-Voting Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On December 7, 2022, AMERCO (Nasdaq: UHAL, UHALB) announced a quarterly cash dividend of $0.04 per share for its Series N Non-Voting Common Stock. The dividend is payable on December 30, 2022, to shareholders recorded by December 19, 2022. This marks the company's first dividend under the new policy established on October 25, 2022, which aims to issue quarterly cash dividends starting in fiscal 2023. Additionally, AMERCO will transition to the New York Stock Exchange on December 19, 2022, coinciding with its official name change to U-Haul Holding Company.
Positive
- First dividend of $0.04 per share marks commitment to shareholders.
- Transition to NYSE may enhance stock visibility and liquidity.
Negative
- None.
Details
News Market Reaction – UHAL
The recorded move for UHAL in the trading session of this news was -2.76%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RENO, Nev., Dec. 8, 2022 /PRNewswire/ -- AMERCO (Nasdaq: UHAL, UHALB), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 7, 2022 declared a quarterly cash dividend of
This will be the first dividend issued under the Company's dividend policy announced on October 25, 2022, which stated that the Company intends to pay quarterly cash dividends on its Series N Non-Voting Common Stock beginning in the third quarter of fiscal 2023.
The Company's Voting-Common Stock "UHAL" and Non-Voting Common Stock "UHALB" will trade on Nasdaq until December 16, 2022. On December 19, 2022 both series of stock will begin trading on the New York Stock Exchange. On that day, AMERCO will officially change its name to U-Haul Holding Company.
AMERCO is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company. U-Haul is in the shared use business and was founded on the fundamental philosophy that the division of use and specialization of ownership is good for both U-Haul customers and the environment.
AMERCO will change its name to U-Haul Holding Company on December 19, 2022.
Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers, with a network of more than 23,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 186,000 trucks, 128,000 trailers and 46,000 towing devices. U-Haul is the third largest self-storage operator in North America and offers over 913,000 rentable storage units and 78.1 million square feet of self-storage space at owned and managed facilities. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry. U-Haul has been recognized repeatedly as a leading "Best for Vets" employer and was recently named one of the 15 Healthiest Workplaces in America.
View original content:https://www.prnewswire.com/news-releases/amerco-announces-quarterly-cash-dividend-301698800.html
SOURCE AMERCO
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