1324 ET - WillScot Holdings' initiated cash dividend has two sides to consider. On the one hand, the dividend of 7 cents a share should be well-received and help open up its investor base, says Jefferies' Philip Ng in a research note, though he would prefer excess cash be diverted to M&A. While the dividend may soothe things over after choppy results and stock performance over the last two years, Ng says it may also raise questions that inorganic opportunities are more narrow after it and fellow portable-building company McGrath Rentcorp in September called off a roughly $3 billion merger. Shares are up 1% to $38.40. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
February 18, 2025 13:24 ET (18:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.