Last Updated on 06/29/2021 by GS Staff
Can You Purchase U-Haul Stock?
U-Haul is owned by its parent company, Amerco. Amerco trades on Nasdaq under the symbol UHAL. In addition to U-Haul, the company operates Amerco Real Estate, Oxford Life Insurance, and Republic Western Insurance. In other words, an investment in Amerco is more than just the moving and storage business. However, moving and storage represent the bulk of the revenues.
How to Purchase Shares of Amerco (UHAL)?
Shares of the company can be purchased through most online brokers. You can use the symbol UHAL to verify if the company trades through your broker of choice.
Amerco does not have a direct share purchase program for its stock.
Does Amerco Pay Dividends to Shareholders?
Amerco last paid a special cash dividend of $2.00 per share on 12/30/2020. The table below reflects the dividend payment history of the company back to 2012. Keep in mind that the company does not have a formal dividend policy. The board evaluates the business on a periodical basis and determines if a dividend is warranted.
| Payment Date | Type | Cash Amount |
|---|---|---|
| 12/30/2020 | Cash | $2.00 |
| 09/21/2020 | Cash | $0.50 |
| 01/06/2020 | Cash | $0.50 |
| 09/23/2019 | Cash | $0.50 |
| 04/04/2019 | Cash | $0.50 |
| 01/07/2019 | Cash | $0.50 |
| 09/24/2018 | Cash | $0.50 |
| 07/05/2018 | Cash | $0.50 |
| 04/06/2018 | Cash | $0.50 |
| 01/05/2018 | Cash | $0.50 |
| 08/03/2017 | Cash | $1.00 |
| 03/09/2017 | Cash | $1.00 |
| 11/03/2016 | Cash | $1.00 |
| 04/21/2016 | Cash | $1.00 |
| 10/02/2015 | Cash | $3.00 |
| 07/01/2015 | Cash | $1.00 |
| 03/17/2015 | Cash | $1.00 |
| 02/14/2014 | Cash | $1.00 |
| 11/30/2012 | Cash | $5.00 |
| 01/03/2012 | Cash | $1.00 |
Top Owners of UHAL
L.S. Shoen and Anna Mary Shoen started the company in 1945. While the founders have since passed away, family members own approximately 40 percent of the company. Forbes estimates the Shoen family’s net worth to be about $9 billion. Joe Shoen is the current president and chairman while his brother Mark is a vice president.
Furthermore, institutional ownership was about 35 percent at the time of this article. The top institutional holders were Vanguard, Blackrock, Abrams Capital Management, and Wellington Management Group as of March 31, 2021.
Amerco Revenue Sources
The revenue earned by Amerco comes from three primary sources: moving & storage, property & casualty insurance, and life insurance.
The moving & storage segment includes the rental truck business which is the backbone of the company. The company targets “do-it-yourself” residential users with some commercial customers such as UPS during the December busy season for packages. The company has over 21,000 locations and has built a competitive moat in the DIY mover space.
The property and casualty insurance segment is made up of Repwest and its subsidiaries and ARCOA. The insurance companies handle such things as customer tenant (storage unit) insurance, U-Haul insurance, and more.
The life insurance segment consists of the Oxford Life Insurance Company that offers annuities, life insurance, and medicare supplement.
| 2020 | 2019 | 2018 | |
| Moving and Storage | |||
| Revenues | $3,657.8 | $3,545.8 | $3,290.7 |
| Property and Casualty Insurance | |||
| Revenues | 89.1 | 75.8 | 75.8 |
| Life Insurance | |||
| Revenues | 241.5 | 154.7 | 243.9 |
| Eliminations | |||
| Revenues | (9.4) | (7.7) | (8.0) |
| Consolidated Revenues | 3,978.9 | 3,768.7 | 3,601.1 |