WillScot initiates dividend
WillScot Holdings Corporation (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, has officially announced the initiation of a quarterly cash dividend program. This move underscores the Company’s commitment to returning capital to shareholders while continuing to invest in its long-term growth strategy.
The first quarterly dividend of $0.07 per share will be payable on March 19, 2025, to shareholders of record as of the close of business on March 5, 2025. The dividend yield is 0.7% at a stock price of $38.51.
A Strategic Move for Long-Term Shareholder Value
Brad Soultz, Chief Executive Officer of WillScot, expressed confidence in the decision, stating:
“The initiation of our quarterly dividend program provides an additional avenue to return surplus capital to shareholders and reflects the resiliency of our cash flows across the cycle, the strength of our balance sheet, and our confidence in the Company’s long-term growth prospects.”
The Board of Directors has committed to regularly assessing the dividend program with the intention of increasing the dividend over time. Under the program, future dividends will be paid on the third Wednesday of the third month of each calendar quarter to shareholders of record as of the first Wednesday of the same month, subject to approval and declaration by the Board.
About WillScot Holdings
Listed on the Nasdaq stock exchange under the ticker “WSC”, WillScot is the premier provider of highly innovative and turnkey space solutions across North America. The Company offers a comprehensive range of modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures. In addition, WillScot provides curated furnishings, appliances, and supplementary services to deliver complete, ready-to-use solutions for its customers.
Headquartered in Phoenix, Arizona, WillScot operates from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico. The Company’s solutions serve a broad range of industries, making it an essential partner for businesses across multiple sectors of the economy.
