McGrath Declares Quarterly Dividend

Rhea-AI Summary

McGrath RentCorp (Nasdaq: MGRC), a leading North American business-to-business rental company, has announced a quarterly cash dividend of $0.475 per common share for the quarter ending September 30, 2024. The dividend will be paid on October 31, 2024 to shareholders of record as of October 17, 2024. This declaration marks a significant milestone for McGrath, as 2024 represents the 33rd consecutive year the company has increased its dividend to shareholders, demonstrating a strong commitment to delivering value to its investors and confidence in its financial stability.

Positive

• Declared quarterly cash dividend of $0.475 per common share
• 33rd consecutive year of dividend increases
• Demonstrates consistent financial stability and shareholder value focus

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• None.

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 $0.475 per common share for the quarter ended September 30, 2024. The dividend will be payable on October 31, 2024 to all shareholders of record on October 17, 2024. The year 2024 marks 33 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.

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/20240909846920/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

What is the amount of McGrath RentCorp's (MGRC) quarterly dividend for Q3 2024?

McGrath RentCorp (MGRC) has declared a quarterly cash dividend of $0.475 per common share for the quarter ended September 30, 2024.

When will McGrath RentCorp (MGRC) pay its Q3 2024 dividend?

McGrath RentCorp (MGRC) will pay its Q3 2024 dividend on October 31, 2024 to shareholders of record as of October 17, 2024.

How many consecutive years has McGrath RentCorp (MGRC) increased its dividend?

As of 2024, McGrath RentCorp (MGRC) has increased its dividend for 33 consecutive years.

What is the record date for McGrath RentCorp's (MGRC) Q3 2024 dividend?

The record date for McGrath RentCorp's (MGRC) Q3 2024 dividend is October 17, 2024.