Published on 28 May 2024 on Simply Wall St. via Yahoo Finance

Herc Holdings Inc. (NYSE:HRI) Passed Our Checks, And It's About To Pay A US$0.665 Dividend

Readers hoping to buy Herc Holdings Inc. (NYSE:HRI) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Herc Holdings' shares on or after the 31st of May will not receive the dividend, which will be paid on the 14th of June.

The company's next dividend payment will be US$0.665 per share, and in the last 12 months, the company paid a total of US$2.66 per share. Based on the last year's worth of payments, Herc Holdings stock has a trailing yield of around 1.8% on the current share price of US$147.70. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.