WillScot Broadens Capital Allocation by Initiating Cash Dividend Program
WillScot Holdings (Nasdaq: WSC) has announced the initiation of a quarterly cash dividend program, demonstrating its commitment to returning capital to shareholders. The Board of Directors has declared the first dividend of $0.07 per share, payable on March 19, 2025, to shareholders of record as of March 5, 2025.
The dividend program will operate on a quarterly basis, with payments scheduled for the third Wednesday of the third month of each calendar quarter. Shareholders of record as of the first Wednesday of the same month will be eligible, subject to Board approval. CEO Brad Soultz highlighted that this initiative reflects the company's strong cash flows, robust balance sheet, and confidence in long-term growth prospects.
WillScot Holdings (Nasdaq: WSC) ha annunciato l'avvio di un programma di dividendi in contante trimestrali, dimostrando il suo impegno a restituire capitale agli azionisti. Il Consiglio di Amministrazione ha dichiarato il primo dividendo di $0,07 per azione, pagabile il 19 marzo 2025, agli azionisti registrati al 5 marzo 2025.
Il programma di dividendi funzionerà su base trimestrale, con pagamenti programmati per il terzo mercoledì del terzo mese di ogni trimestre calenderale. Gli azionisti registrati il primo mercoledì dello stesso mese saranno idonei, soggetti all'approvazione del Consiglio. Il CEO Brad Soultz ha sottolineato che questa iniziativa riflette i solidi flussi di cassa dell'azienda, un bilancio robusto e fiducia nelle prospettive di crescita a lungo termine.
WillScot Holdings (Nasdaq: WSC) ha anunciado el inicio de un programa de dividendos en efectivo trimestrales, demostrando su compromiso de devolver capital a los accionistas. La Junta Directiva ha declarado el primer dividendo de $0.07 por acción, que se pagará el 19 de marzo de 2025, a los accionistas registrados hasta el 5 de marzo de 2025.
El programa de dividendos funcionará de forma trimestral, con pagos programados para el tercer miércoles del tercer mes de cada trimestre calendario. Los accionistas registrados hasta el primer miércoles del mismo mes serán elegibles, sujeto a la aprobación de la Junta. El CEO Brad Soultz destacó que esta iniciativa refleja los sólidos flujos de efectivo de la empresa, un balance robusto y confianza en las perspectivas de crecimiento a largo plazo.
WillScot Holdings (Nasdaq: WSC)는 주주에게 자본을 반환하겠다는 의지를 보여주는 분기 현금 배당 프로그램을 시작한다고 발표했습니다. 이사회는 주당 $0.07의 첫 배당금을 선언했으며, 2025년 3월 19일에 2025년 3월 5일 기준 주주에게 지급됩니다.
배당 프로그램은 분기별로 운영되며, 각 회계 분기의 세 번째 달 세 번째 수요일에 지급될 예정입니다. 동일한 달의 첫 번째 수요일 기준으로 등록된 주주가 자격을 가지며, 이사회 승인에 따라 달라질 수 있습니다. CEO 브래드 솔츠는 이 이니셔티브가 회사의 강력한 현금 흐름, 탄탄한 재무 상태 및 장기 성장 전망에 대한 신뢰를 반영한다고 강조했습니다.
WillScot Holdings (Nasdaq: WSC) a annoncé le lancement d'un programme de dividende en espèces trimestriel, montrant son engagement à restituer du capital aux actionnaires. Le Conseil d'administration a déclaré le premier dividende de 0,07 $ par action, payable le 19 mars 2025, aux actionnaires inscrits au 5 mars 2025.
Le programme de dividendes fonctionnera sur une base trimestrielle, avec des paiements prévus pour le troisième mercredi du troisième mois de chaque trimestre calendaire. Les actionnaires inscrits au premier mercredi du même mois seront éligibles, sous réserve de l'approbation du Conseil. Le PDG Brad Soultz a souligné que cette initiative reflète les solides flux de trésorerie de l'entreprise, un bilan robuste et la confiance dans les perspectives de croissance à long terme.
WillScot Holdings (Nasdaq: WSC) hat den Start eines vierteljährlichen Bardividendenprogramms bekannt gegeben, das sein Engagement für die Rückführung von Kapital an die Aktionäre zeigt. Der Vorstand hat die erste Dividende von 0,07 $ pro Aktie erklärt, die am 19. März 2025 an die Aktionäre ausgezahlt wird, die am 5. März 2025 im Register stehen.
Das Dividendenprogramm wird vierteljährlich betrieben, mit Zahlungen, die am dritten Mittwoch des dritten Monats jedes Kalenderquartals geplant sind. Aktionäre, die am ersten Mittwoch des gleichen Monats im Register stehen, sind berechtigt, vorbehaltlich der Genehmigung des Vorstands. CEO Brad Soultz hob hervor, dass diese Initiative die starken Cashflows des Unternehmens, die robuste Bilanz und das Vertrauen in die langfristigen Wachstumsperspektiven widerspiegelt.
- Introduction of new quarterly dividend program providing additional shareholder returns
- Strong cash flow position demonstrated by ability to initiate dividend
- Board commitment to potential dividend increases over time
- Healthy balance sheet supporting capital return initiatives
- Initial dividend yield relatively modest at $0.07 per share
PHOENIX, Feb. 18, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, today announced that its Board of Directors (“Board”) has declared the initiation of a quarterly cash dividend program consistent with the Company’s commitment to returning capital to shareholders, while continuing to invest in growth. The first dividend of
“The initiation of our quarterly dividend program provides an additional avenue to return surplus capital to shareholders and reflects the resiliency of our cash flows across the cycle, the strength of our balance sheet, and our confidence in the Company’s long-term growth prospects,” said Brad Soultz, Chief Executive Officer of WillScot.
The Board will regularly assess the cash dividend program with a long-term focus on increasing the dividend payment over time. Under the program, dividends will be payable on the third Wednesday of the third month of each calendar quarter to stockholders of record as of the first Wednesday of that same month, subject to quarterly approval and declaration by the Board.
About WillScot
Listed on the Nasdaq stock exchange under the ticker symbol “WSC,” WillScot is the premier provider of highly innovative and turnkey space solutions in North America. The Company’s comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings and climate-controlled units, and clearspan structures, as well as a curated selection of furnishings, appliances, and other supplementary services, ensuring turnkey solutions for its customers. Headquartered in Phoenix, Arizona, and operating from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, WillScot’s business services are essential for diverse customer segments spanning all sectors of the economy.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook," "guidance," "see," "have confidence” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating to our key market indicator of non-residential construction square foot starts, our mergers and acquisitions pipeline, acceleration of our run rate, acceleration toward and the timing of our achievement of our three-to-five year milestones, growth and acceleration of cash flow, driving higher returns on invested capital, and Adjusted EBITDA margin expansion. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that these forward-looking statements are based on reasonable assumptions, we can give no assurance that any such forward-looking statement will materialize. Important factors that may affect actual results or outcomes include, among others, our ability to acquire and integrate new assets and operations; our ability to judge the demand outlook; our ability to achieve planned synergies related to acquisitions; regulatory approvals; our ability to successfully execute our growth strategy, manage growth and execute our business plan; our estimates of the size of the markets for our products; the rate and degree of market acceptance of our products; the success of other competing modular space and portable storage solutions that exist or may become available; rising costs and inflationary pressures adversely affecting our profitability; potential litigation involving our Company; general economic and market conditions impacting demand for our products and services and our ability to benefit from an inflationary environment; our ability to maintain an effective system of internal controls; and such other risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2023), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Additional Information and Where to Find It
Additional information can be found on the company's website at www.willscot.com.
Contact Information
Investor inquiries:
Charlie Wohlhuter
Investors@willscot.com
Media inquiries:
Juliana Welling
Juliana.Welling@willscot.com
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