McGrath Declares Quarterly Dividend
McGrath RentCorp (MGRC) declares a quarterly cash dividend of $0.465 per common share for the quarter ended December 31, 2023, marking 32 consecutive years of dividend raises.
Positive
McGrath RentCorp has a strong history of consistently raising dividends for 32 years, indicating financial stability and commitment to shareholders.
12/07/2023 - 04:01 PM
LIVERMORE, Calif. --(BUSINESS WIRE)--
McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America , today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.46 5 per common share for the quarter ended December 31, 2023. The dividend will be payable on January 31, 2024 to all shareholders of record on January 17, 2024. The year 2023 marks 32 consecutive years that McGrath RentCorp has raised its dividend to shareholders.
ABOUT MCGRATH:
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 40 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported over 30 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.
McGrath is headquartered in Livermore, California . Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20231207213036/en/
Keith E. Pratt
EVP & Chief Financial Officer
925-606-9200
Source: McGrath RentCorp
What is the latest announcement from McGrath RentCorp (MGRC)?
McGrath RentCorp (MGRC) has declared a quarterly cash dividend of $0.465 per common share for the quarter ended December 31, 2023.
When will the dividend be payable to shareholders of McGrath RentCorp (MGRC)?
The dividend will be payable on January 31, 2024 to all shareholders of record on January 17, 2024.
How many years has McGrath RentCorp (MGRC) been consistently raising its dividend?
The year 2023 marks 32 consecutive years that McGrath RentCorp has raised its dividend to shareholders.
MGRC Rankings
#1376 Ranked by Stock Gains
MGRC Stock Data
Industry
General Warehousing and Storage
Sector
Transportation and Warehousing
Tags
Finance, Finance/Rental/Leasing, Transportation and Warehousing, General Warehousing and Storage
About MGRC
mcgrath rentcorp was founded in 1979 and is headquartered in livermore, california. the company is a diversified business-to-business rental provider that is comprised of the following units: mobile modular management corporation, mobile modular portable storage, trs-rentelco, enviroplex, inc., and adler tank rentals. * mobile modular management corporation * provider of relocatable modular buildings for rent, lease, or purchase. mobilemodularrents.com * mobile modular portable storage * provider of portable storage containers and office / storage combinations for rent, lease, or purchase. mobilemodularrents-portablestorage.com * trs-rentelco * rents, leases, and sells electronic test and measurement equipment for rent, lease or sale for both general purpose and communications needs. trs-rentelco.com * enviroplex, inc. * manufacturer of division of the state architect (dsa) approved modular buildings for both public and private schools throughout california. enviroplexi