General Finance Corporation Declares Dividend of $2.30 Per Share on Its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

General Finance Corporation (NASDAQ:GFN) announced a cash dividend of $2.30 per share on its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (GFNCP). This marks the thirty-first dividend payment on the Series C Preferred Stock, covering the period from October 31, 2020 to January 30, 2021. The dividend is payable on February 1, 2021 to shareholders of record as of January 30, 2021.

Positive

• Dividend of $2.30 per share enhances shareholder income.
• The consistent payment of dividends reflects company stability.

Negative

• None.

PASADENA, Calif., Jan. 15, 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 $2.30 per share. The dividend is the thirty-first dividend being paid by the Company on its Series C Preferred Stock and is payable with respect to the period commencing on October 31, 2020 and ending on January 30, 2021. This dividend is payable on February 1, 2021 to preferred stockholders of record as of January 30, 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 dividend amount for GFN in 2021?

The dividend amount is $2.30 per share.

When is the dividend payment date for GFN?

The dividend is payable on February 1, 2021.

Who is eligible for the GFN dividend?

Shareholders of record as of January 30, 2021, are eligible.

How often does GFN pay dividends?

GFN has declared a total of thirty-one dividends to date.