Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.6325 per share

Rhea-AI Summary

Herc Holdings, Inc. (NYSE: HRI) declares a quarterly dividend of $0.6325 per share, payable on September 1, 2023, to shareholders of record as of August 18, 2023.

Positive

• The announcement of a quarterly dividend indicates financial stability and confidence in the company's future performance.

Negative

• None.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Herc Holdings, Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers, today announced that its Board of Directors has declared the Company's quarterly dividend of $0.6325 per share.

The dividend is payable September 1, 2023, to shareholders of record as of August 18, 2023.

About Herc Holdings Inc.

Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is one of the leading equipment rental suppliers with approximately 373 locations in North America. With over 58 years of experience, we are a full-line equipment rental supplier offering a broad portfolio of equipment for rent. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. Our equipment rental business is supported by ProSolutions®, our industry specific solutions-based services, which includes power generation, climate control, remediation and restoration, pumps, trench shoring, studio and production equipment, and our ProContractor professional grade tools. Our product offerings and services are aimed at helping customers work more efficiently, effectively and safely. The Company has approximately 6,900 employees who equip our customers and communities to build a brighter future. Herc Holdings’ 2022 total revenues were approximately $2.7 billion. All references to “Herc Holdings” or the “Company” in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated. For more information on Herc Holdings and its products and services, visit: www.HercRentals.com.

Forward-Looking Statements

This press release includes forward-looking statements as that term is defined by the federal securities laws, including statements concerning our business plans and strategy, projected profitability, performance or cash flows, future capital expenditures, our growth strategy, including our ability to grow organically and through M&A, anticipated financing needs, business trends, our capital allocation strategy, liquidity and capital management, and other information that is not historical information. Forward looking statements are generally identified by the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," "looks," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and, there can be no assurance that our current expectations will be achieved. They are subject to future events, risks and uncertainties - many of which are beyond our control - as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Further information on the risks that may affect our business is included in filings we make with the Securities and Exchange Commission from time to time, including our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and in our other SEC filings. We undertake no obligation to update or revise forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230804864639/en/

Leslie Hunziker

Senior Vice President,

Investor Relations and Communications

Leslie.hunziker@hercrentals.com

239-301-1675

Source: Herc Holdings, Inc.

FAQ

What is the ticker symbol of Herc Holdings, Inc.?

The ticker symbol of Herc Holdings, Inc. is HRI.

When is the quarterly dividend payable?

The quarterly dividend is payable on September 1, 2023.

What is the amount of the quarterly dividend?

The quarterly dividend is $0.6325 per share.

When is the record date for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is August 18, 2023.