New York, July 30, 2014 -- Moody's Investors Service said H&E Equipment Services, Inc. (H&E)'s recent announcement that its Board of Directors approved an initial quarterly cash dividend and that it intends to initiate a regular quarterly dividend is credit negative but will not affect the company's B1 corporate family rating and stable outlook. The company has publicly stated that although it initiated a regular dividend, the declaration of any subsequent dividends is discretionary and subject to approval by its Board of Directors. H&E's speculative grade liquidity rating (SGL) remains SGL-2 reflecting the expectation of a continued good near-term liquidity profile.

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