U-Haul Holding Co (NYSE:UHAL.B) is one of billionaire David Abrams’ top stock picks with upside potential.
U-Haul shares have gained more than 32% year-to-date, and analysts expect them to keep rising
Some 44 hedge funds have positions on U-Haul stock. Pixabay/Public Domain On June 26, U-Haul Holding Co (NYSE:UHAL.B) distributed a quarterly cash dividend of $0.05 per share. There is more to come in terms of shareholder returns for U-Haul investors.
The company’s board has determined that the stock is cheap and seized on the opportunity to acquire it at a discount. Consequently, the board has approved a $350 million share repurchase program. U-Haul CFO Jason Berg described the stock buyback program as a wise allocation of capital considering where the company stands right now.