Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.665 Per Share

Rhea-AI Summary

Herc Holdings has announced a regular quarterly dividend of $0.665 per share. This dividend will be paid on June 14, 2024, to shareholders recorded by May 31, 2024. Herc Holdings continues to be a leading equipment rental supplier in North America, underscoring its commitment to returning value to shareholders.

Positive

• Quarterly dividend of $0.665 per share declared.
• Dividend payable on June 14, 2024.
• Shareholders of record by May 31, 2024, will receive the dividend.
• Reinforces Herc Holdings' commitment to shareholder value.

Negative

• No new business developments or financial data were provided.
• Dividend amount has not changed, potentially indicating a lack of growth.

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 $0.665 per share.

The dividend is payable June 14, 2024, to shareholders of record as of May 31, 2024.

About Herc Holdings Inc.

Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 412 locations across North America, and 2023 total revenues of approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Our ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shorting equipment as well as our ProContractor professional grade tools. We employ approximately 7,600 employees, who equip our customers and communities to build a brighter future. Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn.

All references to “Herc Holdings” or the “Company” in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.

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, exploring strategic alternatives for Cinelease, including the timing of the review process, the outcome of the process and the costs and benefits of the process, 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/20240517106952/en/

Leslie Hunziker

Senior Vice President,

Investor Relations, Communications & Sustainability

Leslie.hunziker@hercrentals.com

239-301-1675

Source: Herc Holdings, Inc.

FAQ

What is the dividend amount declared by Herc Holdings for Q2 2024?

The dividend amount declared by Herc Holdings for Q2 2024 is $0.665 per share.

When is the Herc Holdings dividend payable?

The Herc Holdings dividend is payable on June 14, 2024.

What is the record date for Herc Holdings' dividend payment?

The record date for Herc Holdings' dividend payment is May 31, 2024.

What is Herc Holdings' stock symbol?

Herc Holdings' stock symbol is HRI.