H&E Equipment Services (HEES) Raises Quarterly Dividend 10% to $0.275; 6.9% Yield
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H&E Equipment Services Reports Second Quarter 2015 Results and Increases Quarterly Dividend by 10 Percent
July 30, 2015 7:00 AM EDTBATON ROUGE, La.--(BUSINESS WIRE)-- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced results for the second quarter ended June 30, 2015 and that its Board of Directors declared a regular quarterly cash dividend of 27.5 cents per share of common stock, an increase of 10 percent from the first quarter.
SECOND QUARTER 2015 HIGHLIGHTS:
Revenues were $262.4 million versus $280.4 million a year ago. Net income was $11.5 million in the second quarter compared to net income of $15.7 million a year ago. The effective income tax rate was... More