U-Haul announces quarterly dividend for Series N stock

RENO, Nev. - U-Haul Holding Company (NYSE: UHAL, UHAL.B), a leader in the moving and self-storage industry, declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B). The dividend is scheduled to be distributed on March 28, 2025, to shareholders of record as of March 17, 2025. According to InvestingPro data, the company maintains a solid financial position with a current ratio of 1.26 and generated $5.69 billion in revenue over the last twelve months.

This announcement marks the tenth consecutive dividend issued since the company’s dividend policy was established in October 2022. U-Haul Holding Company, known for its comprehensive network of moving and self-storage services, is the parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company, and Amerco Real Estate Company. InvestingPro analysis reveals the company has been profitable over the last twelve months, with EBITDA reaching $1.66 billion.

U-Haul has been a staple in the do-it-yourself moving industry since its inception in 1945. With a network spanning over 23,000 locations throughout the United States and Canada, the company prides itself on its commitment to sustainability through the division of use and specialization of ownership. This approach not only benefits U-Haul customers but also supports environmental conservation.

The company’s innovative U-Haul Truck Share 24/7 program allows customers to access trucks at any time using their smartphones, facilitated by U-Haul’s proprietary Live Verify technology. U-Haul’s extensive fleet includes approximately 193,900 trucks, 138,200 trailers, and 40,300 towing devices. Additionally, U-Haul is recognized as the third largest self-storage operator in North America, offering a significant amount of rentable storage space across its owned and managed facilities.

Beyond moving and storage, U-Haul is the top retailer of propane in the United States and holds the title for the largest installer of permanent trailer hitches in the automotive aftermarket industry. The company has received accolades for its commitment to veterans and has been acknowledged as one of the healthiest workplaces in America.

This dividend declaration is part of U-Haul’s ongoing commitment to shareholder returns and reflects the company’s stable financial position in the market. The information in this report is based on a press release statement from U-Haul Holding Company.

In other recent news, U-Haul Holding Co. reported its third-quarter earnings for 2024, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.35, exceeding the forecasted $0.33, and reported revenue of $1.39 billion, which also surpassed the anticipated $1.35 billion. Despite these positive results, the company’s stock saw a slight decline of 1.1% in after-hours trading. The decline reflects investor concerns over rising operational costs and a decrease in net income, which fell to $67 million from $99 million in the same quarter last year. U-Haul’s equipment rental and self-storage segments experienced growth, with revenue increases of $39 million and $17 million, respectively. The company’s strategic focus includes expanding its U Box storage services and moderating its investment pace. Analysts from firms such as Thompson Research Group, Wolfe Research, and Zacks Investment have been following U-Haul, offering insights into the company’s performance. U-Haul’s leadership remains optimistic about benefiting from potential increases in consumer activity, despite the challenges posed by economic fluctuations and competitive pressures.

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