Herc Holdings (HRI) will hike its quarterly dividend by 15% to $0.575 per share in 2022. Last year HRI started paying quarterly dividends to shareholders. The dividend yield for HRI is 2.1% at a stock price of $109. The next dividend will be paid on March 10, 2022 with an ex-dividend date of February 22, 2022.

Herc Holdings Inc. is an equipment rental supplier. The Company conducts operations under the Herc Rentals brand in the United States and Canada and under the Hertz Equipment Rental brand in other international locations. Herc sells used equipment and contractor supplies such as construction consumables, tools, small equipment and safety supplies. The company provides repair, maintenance and equipment management services and safety training to customers. It also offers equipment re-rental services and provides on-site support and ancillary services. Herc initiated a quarterly dividend in 2021.