McGrath RentCorp (MGRC) Dividend Yield, Date & History

$101.88

-0.49 (-0.48%)

(As of 09/6/2024 ET)

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Dividend Yield: 1.86%
Annual Dividend: $1.90
Dividend Increase Track Record: 32 Years
Annualized 3-Year Dividend Growth: 4.20%
Dividend Payout Ratio: 37.04%
Recent Dividend Payment: Jul. 31

MGRC Dividend Payments

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MGRC Dividend Yield Over Time

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McGrath RentCorp vs. The Competition

Type	McGrath RentCorp	Finance Companies	NASDAQ Companies
Annual Dividend	$1.90	$1.96	$1.24
Dividend Yield	1.86%	982.63%	402.50%
Annualized 3-Year Dividend Growth	4.20%	12.90%	13.88%
Track Record	32 years	16 years	16 years

McGrath RentCorp Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	37.04%
Based on This Year's Estimates	38.23%
Based on Next Year's Estimates	31.20%
Based on Cashflow	22.32%

McGrath RentCorp Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
6/5/2024	Quarterly	$0.4750	1.78%	7/17/2024	7/17/2024	7/31/2024
2/21/2024	Quarterly	$0.4750	1.52%	4/15/2024	4/16/2024	4/30/2024
12/7/2023	Quarterly	$0.4650	1.81%	1/16/2024	1/17/2024	1/31/2024
9/15/2023	Quarterly	$0.4650	1.83%	10/16/2023	10/17/2023	10/31/2023
6/7/2023	Quarterly	$0.4650	1.9%	7/14/2023	7/17/2023	7/31/2023
2/22/2023	Quarterly	$0.4650	1.75%	4/13/2023	4/14/2023	4/28/2023
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12/8/2022	Quarterly	$0.4550	1.9%	1/13/2023	1/17/2023	1/31/2023
9/15/2022	Quarterly	$0.4550	2.16%	10/14/2022	10/17/2022	10/31/2022
6/8/2022	Quarterly	$0.4550	2.25%	7/14/2022	7/15/2022	7/29/2022
2/23/2022	Quarterly	$0.4550	2.31%	4/13/2022	4/15/2022	4/29/2022
12/9/2021	Quarterly	$0.4350	2.24%	1/14/2022	1/17/2022	1/31/2022
9/16/2021	Quarterly	$0.4350	2.46%	10/14/2021	10/15/2021	10/29/2021
6/9/2021	Quarterly	$0.4350	2.09%	7/15/2021	7/16/2021	7/30/2021
2/23/2021	Quarterly	$0.4350	2.21%	4/14/2021	4/15/2021	4/30/2021
12/10/2020	Quarterly	$0.42	2.67%	1/14/2021	1/15/2021	1/29/2021
9/18/2020	Quarterly	$0.42	2.91%	10/15/2020	10/16/2020	10/30/2020
6/3/2020	Quarterly	$0.42	2.89%	7/16/2020	7/17/2020	7/31/2020
2/25/2020	Quarterly	$0.42	2.42%	4/14/2020	4/15/2020	4/30/2020
12/6/2019	quarterly	$0.3750	2%	12/16/2019	12/17/2019	1/31/2020
9/19/2019	Quarterly	$0.3750	2.17%	10/16/2019	10/17/2019	10/31/2019
6/5/2019	Quarterly	$0.3750	2.58%	7/16/2019	7/17/2019	7/31/2019
2/27/2019	quarterly	$0.3750	2.49%	4/12/2019	4/15/2019	4/30/2019
12/6/2018	quarterly	$0.34	2.59%	1/16/2019	1/17/2019	1/31/2019
9/21/2018	quarterly	$0.34	2.48%	10/16/2018	10/17/2018	10/31/2018
6/7/2018	quarterly	$0.34	2.04%	7/16/2018	7/17/2018	7/31/2018
2/28/2018	quarterly	$0.34	2.69%	4/13/2018	4/16/2018	4/30/2018
12/7/2017	quarterly	$0.26	2.22%	1/16/2018	1/17/2018	1/31/2018
9/21/2017	quarterly	$0.26	2.51%	10/16/2017	10/17/2017	10/31/2017
6/8/2017	quarterly	$0.26	3.08%	7/13/2017	7/17/2017	7/31/2017
3/1/2017	quarterly	$0.26	2.97%	4/11/2017	4/14/2017	4/28/2017
12/8/2016	quarterly	$0.2550	2.65%	1/12/2017	1/17/2017	1/31/2017
9/22/2016	quarterly	$0.2550	3.19%	10/13/2016	10/17/2016	10/31/2016
6/9/2016	quarterly	$0.2550	3.37%	7/13/2016	7/15/2016	7/29/2016
2/26/2016	quarterly	$0.2550	4.14%	4/13/2016	4/15/2016	4/29/2016
12/10/2015	quarterly	$0.25	3.83%	1/13/2016	1/15/2016	1/29/2016
9/21/2015	quarterly	$0.25	3.73%	10/14/2015	10/16/2015	10/30/2015
6/11/2015	quarterly	$0.25	3.19%	7/15/2015	7/17/2015	7/31/2015
2/27/2015	quarterly	$0.25	3.13%	4/14/2015	4/16/2015	4/30/2015
12/10/2014	quarterly	$0.2450	2.85%	1/14/2015	1/16/2015	1/30/2015
9/18/2014	quarterly	$0.2450	2.73%	10/15/2014	10/17/2014	10/31/2014
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6/11/2014	quarterly	$0.2450	2.81%	7/15/2014	7/17/2014	7/31/2014
2/28/2014	quarterly	$0.2450	3.03%	4/14/2014	4/16/2014	4/30/2014
12/10/2013	quarterly	$0.24	2.48%	1/15/2014	1/17/2014	1/31/2014
10/11/2013	quarterly	$0.24	2.72%	10/17/2013	10/21/2013	10/31/2013
6/12/2013	quarterly	$0.24	2.87%	7/15/2013	7/17/2013	7/31/2013
2/22/2013	quarterly	$0.24	3.17%	4/12/2013	4/16/2013	4/30/2013
12/21/2012	quarterly	$0.2350	3.24%	1/15/2013	1/17/2013	1/31/2013

(Data available from 1/1/2013 forward)

McGrath RentCorp Dividend - Frequently Asked Questions

What is McGrath RentCorp's dividend yield?: The current dividend yield for McGrath RentCorp is 1.86%. Learn more on MGRC's dividend yield history.
How much is McGrath RentCorp's annual dividend?: The annual dividend for MGRC shares is $1.90. Learn more on MGRC's annual dividend history.
How often does McGrath RentCorp pay dividends?: McGrath RentCorp pays quarterly dividends to shareholders.
When was McGrath RentCorp's most recent dividend payment?: McGrath RentCorp's most recent quarterly dividend payment of $0.4750 per share was made to shareholders on Wednesday, July 31, 2024.
When was McGrath RentCorp's most recent ex-dividend date?: McGrath RentCorp's most recent ex-dividend date was Wednesday, July 17, 2024.
Is McGrath RentCorp's dividend growing?: Over the past three years, the company's dividend has grown by an average of 4.20% per year.
What track record does McGrath RentCorp have of raising its dividend?: McGrath RentCorp has increased its dividend for the past 32 consecutive years.
When did McGrath RentCorp last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.01 on Wednesday, February 21, 2024.
What is McGrath RentCorp's dividend payout ratio?: The dividend payout ratio for MGRC is:
37.04% based on the trailing year of earnings

38.23% based on this year's estimates

31.20% based on next year's estimates

22.32% based on cash flow
Is McGrath RentCorp a good dividend stock?: McGrath RentCorp's dividend yield of 1.77% is lower than the average Finance company that issues a dividend. The company's 32 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. McGrath RentCorp's dividend payout ratio of 37.04% is at a healthy, sustainable level, below 75% of its earnings.