McGrath Declares Quarterly Dividend

Rhea-AI Summary

McGrath RentCorp (Nasdaq: MGRC) has announced a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be paid on January 31, 2025, to shareholders of record as of January 17, 2025. This announcement marks 33 consecutive years of dividend increases by McGrath, demonstrating the company's consistent commitment to shareholder returns.

Positive

• 33-year track record of consecutive dividend increases
• Maintains quarterly dividend payment of $0.475 per share
• Demonstrates consistent shareholder return policy

Negative

• 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 ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 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.

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/20241212717160/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

What is McGrath RentCorp's (MGRC) dividend amount for Q4 2024?

McGrath RentCorp's dividend for Q4 2024 is $0.475 per common share.

When is McGrath RentCorp's (MGRC) next dividend payment date?

The next dividend payment date is January 31, 2025, for shareholders of record as of January 17, 2025.

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

McGrath RentCorp has increased its dividend for 33 consecutive years as of 2025.

What is the record date for McGrath RentCorp's (MGRC) Q4 2024 dividend?

The record date for McGrath RentCorp's Q4 2024 dividend is January 17, 2025.

How consistent is McGrath RentCorp's (MGRC) dividend payment history?

McGrath RentCorp has demonstrated a very consistent dividend payment history with 33 consecutive years of dividend increases through 2025.