McGrath RentCorp Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of McGrath RentCorp (NASDAQ:MGRC) has declared a quarterly cash dividend of $0.455 per share, payable on October 31, 2022. This dividend is for the quarter ending September 30, 2022 and reflects the company's commitment, marking 31 consecutive years of dividend increases. Shareholders of record as of October 17, 2022 will receive this payment.

Positive

• Quarterly cash dividend of $0.455 per share enhances shareholder returns.
• 31 consecutive years of dividend increases demonstrate financial stability and commitment to shareholders.

Negative

• None.

LIVERMORE, Calif.--(BUSINESS WIRE)-- The Board of Directors of McGrath RentCorp (NASDAQ:MGRC), a diversified business-to-business rental company, declared a quarterly cash dividend of $0.455 per common share for the quarter ended September 30, 2022. The dividend will be payable on October 31, 2022 to all shareholders of record on October 17, 2022. The year 2022 marks 31 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

ABOUT MCGRATH RENTCORP

Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions. The Company’s rental operations consist of four divisions: Mobile Modular rents and sells modular buildings to fulfill customers’ temporary and permanent classroom and office space needs; TRS-RenTelco rents and sells electronic test equipment; Adler Tank Rentals rents and sells containment solutions for hazardous and nonhazardous liquids and solids; and Mobile Modular Portable Storage provides portable storage rental solutions. For more information on McGrath RentCorp and its operating units, please visit our websites:

Corporate – www.mgrc.com
Modular Buildings – www.mobilemodular.com
Electronic Test Equipment – www.trsrentelco.com
Tanks and Boxes – www.adlertankrentals.com
Portable Storage – www.mobilemodularcontainers.com
School Facilities Manufacturing – www.enviroplex.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005837/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

What is the dividend amount declared by McGrath RentCorp for October 2022?

McGrath RentCorp declared a quarterly cash dividend of $0.455 per common share.

When will McGrath RentCorp's dividend be paid?

The dividend will be payable on October 31, 2022.

What is the record date for McGrath RentCorp's dividend payment?

The record date for the dividend payment is October 17, 2022.

How long has McGrath RentCorp been increasing its dividend?

McGrath RentCorp has increased its dividend for 31 consecutive years.