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) has declared a cash dividend of $2.30 per share on its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (GFNCP). This marks the thirtieth dividend payment to shareholders, covering the period from July 31, 2020 to October 30, 2020. The payment will be made on November 2, 2020 to stockholders of record as of October 30, 2020. This announcement underscores the company’s commitment to returning value to its investors.

Positive

• Declared a cash dividend of $2.30 per share, reinforcing shareholder returns.
• Thirtieth dividend payment indicates ongoing commitment to preferred stockholders.

Negative

• None.

PASADENA, Calif., Oct. 12, 2020 (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 thirtieth dividend being paid by the Company on its Series C Preferred Stock and is payable with respect to the period commencing on July 31, 2020 and ending on October 30, 2020. This dividend is payable on November 2, 2020 to preferred stockholders of record as of October 30, 2020.

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 declared by General Finance Corporation?

The dividend amount declared is $2.30 per share.

When will the dividend be paid to shareholders of General Finance Corporation?

The dividend will be paid on November 2, 2020.

What is the record date for the dividend payment of General Finance Corporation?

The record date for the dividend payment is October 30, 2020.

How often does General Finance Corporation pay dividends?

General Finance Corporation has paid dividends consistently, with this being the thirtieth payment.