AMERCO Announces Special Cash Dividend

Rhea-AI Summary

AMERCO (Nasdaq: UHAL) announced a special cash dividend of $2.00 per share on December 9, 2020. The dividend will be paid on December 30, 2020 to shareholders on record as of December 21, 2020. This announcement reflects AMERCO's commitment to returning value to its investors. As the parent company of U-Haul and other subsidiaries, AMERCO continues to lead in the rental and moving industry, with a focus on customer satisfaction and environmental responsibility.

Positive

• Declaring a special cash dividend of $2.00 per share reflects strong financial health and commitment to returning value to shareholders.
• The dividend payment date of December 30, 2020, enhances investor confidence in the company's financial strategy.

Negative

• None.

RENO, Nev., Dec. 10, 2020 /PRNewswire/ -- AMERCO (Nasdaq: UHAL), the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 9, 2020, declared a special cash dividend on its Common Stock of $2.00 per share. The dividend will be payable December 30, 2020 to holders of record on December 21, 2020.

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 choice for the do-it-yourself mover. U-Haul customers' patronage has enabled the Company to maintain the largest rental fleet in the do-it-yourself moving industry which includes a fleet of trucks, trailers and towing devices. U-Haul also offers storage throughout North America. U-Haul is the consumer's number one choice as the largest installer of permanent trailer hitches in the automotive aftermarket industry. The Company supplies alternative-fuel for vehicles and backyard barbecues as one of the nation's largest retailers of propane.

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SOURCE AMERCO

FAQ

What is the dividend amount declared by AMERCO?

AMERCO declared a special cash dividend of $2.00 per share.

When will the dividend payment be made?

The dividend will be paid on December 30, 2020.

What is the record date for the AMERCO dividend?

The record date for the dividend is December 21, 2020.

Why did AMERCO declare a special cash dividend?

The special cash dividend reflects AMERCO's strong financial position and commitment to return value to shareholders.

Does UHAL frequently pay dividends?

The announcement of a special cash dividend indicates a positive outlook on the company's financial strategy for returning capital to investors.