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United Rentals, Inc. advanced 3% to $411.16 after the company reported quarterly results.

Revenue in the third quarter increased to $3.8 billion from $3.0 billion, net income rose to $703 million from $606 million, and diluted earnings per share advanced to $10.29 from $8.66 a year ago.

The equipment rental company said In January 2023, the Board of Directors approved its first-ever quarterly dividend program, and the company declared a $1.48 per share dividend payable on November 22 to shareholders on record on November 8.

Year-to-date through September 30, 2023, the company repurchased $750 million of its common stock under its $1.25 billion share repurchase program and paid dividends totaling $305 million. 

The company plans to repurchase $1.0 billion of common stock during 2023.


26 Oct, 2023

     

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