General Finance Corporation Declares Dividend of $2.225 Per Share on its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

General Finance Corporation (NASDAQ:GFN) has declared a cash dividend of $2.225 per share on its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock. This dividend, the thirty-second for the Series C Preferred Stock, pertains to the period from January 31, 2021, to April 29, 2021. It is payable on April 30, 2021, to stockholders on record as of April 29, 2021. The company specializes in portable storage, modular space, and liquid containment solutions.

Positive

• Dividend of $2.225 reflects strong cash flow management.
• Thirty-second consecutive dividend payment indicating company stability.

Negative

• None.

PASADENA, Calif., April 09, 2021 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the “Company”), announced today that in accordance with the terms of its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:GFNCP) (the “Series C Preferred Stock”), the Board of Directors has declared a cash dividend of $2.225 per share. The dividend is the thirty-second dividend being paid by the Company on its Series C Preferred Stock and is payable with respect to the period commencing on January 31, 2021 and ending on April 29, 2021. This dividend is payable on April 30, 2021 to preferred stockholders of record as of April 29, 2021.

About General Finance Corporation

Headquartered in Pasadena, California, General Finance Corporation (NASDAQ: GFN, www.generalfinance.com) is a leading specialty rental services company offering portable storage, modular space and liquid containment solutions. Management’s expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Company’s subsidiaries. The Company’s Asia-Pacific leasing operations in Australia and New Zealand consist of wholly-owned Royal Wolf (www.royalwolf.com.au), the leading provider of portable storage solutions in those regions. The Company’s North America leasing operations consist of wholly-owned subsidiaries Pac-Van, Inc. (www.pacvan.com) and Lone Star Tank Rental Inc. (www.lonestartank.com), providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings. The Company also owns Southern Frac, LLC (www.southernfrac.com), a manufacturer of portable liquid storage tank containers and, under the trade name Southern Fabrication Specialties (www.southernfabricationspecialties.com), other steel-related products in North America.

Investor Contact

Larry Clark
Financial Profiles, Inc.
(310) 622-8223

FAQ

What is the cash dividend declared by General Finance Corporation on April 9, 2021?

General Finance Corporation declared a cash dividend of $2.225 per share on its Series C Preferred Stock.

When will the dividend for Series C Preferred Stock be paid?

The dividend will be paid on April 30, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is April 29, 2021.

How often does General Finance Corporation pay dividends on its preferred stock?

General Finance Corporation has declared thirty-two consecutive dividends on its Series C Preferred Stock.