“With the strength of our balance sheet and existing relationships we are well positioned to take advantage of what we see as the continuing improvement in the rental sector by organically enlarging our footprint in line with our previously disclosed growth strategy,” said Brad Barber, H&E Equipment Services’ chief operating officer.
Simple. It's a way for management to take money out of the business without having to sell their stock. Most of the dividend will be treated as return of capital and taxed favorably. Like the Government they are taking money now and burdening future shareholders with debt. A Federal investigation should be done to expose the fiscal iresponsibility/