AMERCO Announces Special Cash Dividend

Rhea-AI Summary

AMERCO (Nasdaq: UHAL) announced a special cash dividend of $0.50 per share on August 19, 2021. This dividend will be payable on September 21, 2021, to shareholders on record as of September 7, 2021. As the parent company of U-Haul International and other subsidiaries, AMERCO supports a business model that benefits both customers and the environment. U-Haul, a leader in the shared use business, operates over 23,000 locations and has a significant fleet and storage capacity in North America.

Positive

• Special cash dividend of $0.50 per share enhances shareholder value.
• Demonstrates company confidence and financial stability.

Negative

• None.

RENO, Nev., Aug. 20, 2021 /PRNewswire/ -- AMERCO (Nasdaq: UHAL), the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on August 19, 2021, declared a special cash dividend on its Common Stock of $0.50 per share. The dividend will be payable September 21, 2021 to holders of record on September 7, 2021.

About AMERCO

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.

About U-Haul

Since 1945, U-Haul has been 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. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 176,000 trucks, 126,000 trailers and 46,000 towing devices. U-Haul is the third largest self-storage operator in North America and offers over 825,000 rentable storage units and 71.6 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.

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SOURCE AMERCO

FAQ

What is the dividend amount declared by AMERCO for UHAL?

AMERCO declared a special cash dividend of $0.50 per share.

When is the dividend for UHAL payable?

The dividend will be payable on September 21, 2021.

What is the record date for the UHAL dividend?

The record date for the dividend is September 7, 2021.

How often does UHAL pay dividends?

The frequency of AMERCO's dividends may vary; this is a special cash dividend.

Is the dividend amount sustainable for UHAL?

The sustainability of the dividend can depend on future financial performance and cash reserves.