URI - United Rentals Just Became A Dividend Growth Stock
2024-04-30 16:00:00 ET
Summary
- United Rentals, Inc. has delivered an annual return of 19.1% since 2004, turning a $10,000 investment into over $364,000.
- The company's strong growth in the first quarter of 2024, driven by infrastructure investments and construction spending, indicates further expansion opportunities.
- Caution is advised due to valuation levels and cyclical volatility, but the company's diversified offerings and technological edge provide a competitive advantage.
Introduction
19.1%.
That's how much United Rentals, Inc. ( URI ) has returned annually since January 2004. This would have turned a $10 thousand investment into more than $364 thousand, excluding taxes.
In other words, an investment at the price of a small-sized car twenty years ago would have allowed you to retire in a wide range of second-world nations....
United Rentals Just Became A Dividend Growth Stock