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United Rentals Increases Quarterly Cash Dividend

1. URI increased its quarterly dividend by 10% to $1.79 per share. 2. Dividend payable on February 26, 2025, boosting shareholder returns. 3. URI operates over 1,591 rental locations worldwide, maintaining market leadership. 4. Company's equipment fleet valued at $21.43 billion signifies strong asset base.

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FAQ

Why Bullish?

The dividend increase indicates strong financial health and may attract more investors.

How important is it?

Dividend increases are significant for investors, reflecting the company's profitability and stability.

Why Short Term?

The announcement may impact stock price positively in the upcoming quarters.

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STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) announced today that its Board of Directors increased the company’s quarterly dividend by 10% and declared a quarterly dividend of $1.79 per share, payable on February 26, 2025 to stockholders of record as of February 12, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,591 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 27,900 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $21.43 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

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