Mobile Mini Inc Plans Quarterly Dividend of $0.25 (MINI)

Mobile Mini Inc (NASDAQ:MINI) declared a quarterly dividend on Friday, October 19th, RTT News reports. Shareholders of record on Wednesday, November 14th will be paid a dividend of 0.25 per share by the industrial products company on Wednesday, November 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%.

Mobile Mini has raised its dividend by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Mobile Mini has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mobile Mini to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 50.8%.

Shares of NASDAQ MINI opened at $43.43 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.16. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 1.83 and a beta of 1.82. Mobile Mini has a 1 year low of $32.40 and a 1 year high of $50.40.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $142.00 million during the quarter, compared to analyst estimates of $140.34 million. Mobile Mini had a return on equity of 7.16% and a net margin of 23.53%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Equities research analysts forecast that Mobile Mini will post 1.67 earnings per share for the current year.

A number of equities analysts have issued reports on MINI shares. ValuEngine raised Mobile Mini from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. BidaskClub lowered Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. MED reissued a “sell” rating on shares of Mobile Mini in a research note on Friday, July 27th. Credit Suisse Group assumed coverage on Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Saturday, June 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.67.

About Mobile Mini

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Dividend History for Mobile Mini (NASDAQ:MINI)

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