McGrath RentCorp Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of McGrath RentCorp (NASDAQ:MGRC) has announced a quarterly cash dividend of $0.455 per common share for the quarter ended June 30, 2022. This dividend will be payable on July 29, 2022 to all shareholders on record as of July 15, 2022. Notably, 2022 marks the 31st consecutive year that McGrath RentCorp has increased its dividend, reflecting its strong commitment to returning value to its shareholders.

Positive

• Declared quarterly cash dividend of $0.455 per share.
• 31 years of consecutive dividend increases demonstrating company stability.

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 June 30, 2022. The dividend will be payable on July 29, 2022 to all shareholders of record on July 15, 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/20220607006302/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

What is the dividend amount declared by McGrath RentCorp in July 2022?

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

When is the dividend payable for McGrath RentCorp for the quarter ended June 30, 2022?

The dividend will be payable on July 29, 2022.

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

The record date for the dividend payment is July 15, 2022.

How many consecutive years has McGrath RentCorp increased its dividend?

McGrath RentCorp has increased its dividend for 31 consecutive years.