McGrath RentCorp Declares Quarterly Dividend

Rhea-AI Summary

McGrath RentCorp (NASDAQ:MGRC) declared a quarterly cash dividend of $0.435 per share for Q4 2021, payable on January 31, 2022, to shareholders of record on January 17, 2022. This marks the 30th consecutive year of increased dividends for the company, showcasing its commitment to returning value to shareholders. Established in 1979, McGrath RentCorp operates in diversified rental services across the US and North America, focusing on modular buildings, electronic test equipment, and storage solutions.

Positive

• Declared quarterly cash dividend of $0.435 per share.
• 30th consecutive year of increased dividends, indicating company stability and shareholder value.

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 $0.435 per common share for the quarter ended December 31, 2021. The dividend will be payable on January 31, 2022 to all shareholders of record on January 17, 2022. The year 2021 marks the 30th consecutive year 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/20211209005996/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

What is the dividend amount announced by McGrath RentCorp?

McGrath RentCorp announced a quarterly cash dividend of $0.435 per share.

When is the dividend payable for McGrath RentCorp?

The dividend is payable on January 31, 2022.

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

The record date for the dividend is January 17, 2022.

How many consecutive years has McGrath RentCorp increased its dividend?

McGrath RentCorp has increased its dividend for 30 consecutive years.