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McGrath RentCorp (MGRC) Dividend Yield, Date & History

McGrath RentCorp logo
$112.65 +0.67 (+0.60%)
(As of 12/20/2024 05:16 PM ET)

McGrath RentCorp Dividend Summary

Dividend Yield
1.69%
Annual Dividend
$1.90
Next
Dividend Payment
Jan. 31
Dividend Increase
Track Record
32 Years
Annualized 3-Year
Dividend Growth
4.20%
Dividend Payout Ratio
20.77%

McGrath RentCorp (MGRC) pays an annual dividend of $1.90 per share, with a dividend yield of 1.69%. The next quarterly payment of $0.4750 per share is scheduled for Friday, January 31, to investors who own the stock before the ex-dividend date of Friday, January 17. MGRC has grown its dividend for 32 consecutive years, with an average annual increase of 1.38%. The company currently pays out 20.77% of its earnings and 22.36% of its cash flow as dividends.

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MGRC Dividend Payments by Quarter

The chart below displays up to four years of McGrath RentCorp's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MGRC Dividend Yield Over Time

The chart below tracks McGrath RentCorp's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

McGrath RentCorp vs. The Competition

Compare McGrath RentCorp's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeMcGrath RentCorpFinance CompaniesNASDAQ Companies
Annual Dividend$1.90$0.02$1.31
Dividend Yield1.69%10.51%4.20%
Annualized 3-Year Dividend Growth4.20%12.89%14.22%
Track Record32 years17 years19 years

McGrath RentCorp Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings20.77%
Based on This Year's Estimate34.55%
Based on Next Year's Estimate29.69%
Based on Cashflow22.36%

McGrath RentCorp Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/12/2024quarterly$0.4750 - 1.6%1/17/20251/17/20251/31/2025
9/9/2024Quarterly$0.4750 - 1.83%10/17/202410/17/202410/31/2024
6/5/2024Quarterly$0.4750 - 1.78%7/17/20247/17/20247/31/2024
2/21/2024Quarterly$0.4750+$0.01
2.15%
1.52%4/15/20244/16/20244/30/2024
12/7/2023Quarterly$0.4650 - 1.81%1/16/20241/17/20241/31/2024
9/15/2023Quarterly$0.4650 - 1.83%10/16/202310/17/202310/31/2023
6/7/2023Quarterly$0.4650 - 1.9%7/14/20237/17/20237/31/2023
2/22/2023Quarterly$0.4650+$0.01
2.20%
1.75%4/13/20234/14/20234/28/2023

This table shows McGrath RentCorp's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

McGrath RentCorp Dividend - Frequently Asked Questions

The current dividend yield for McGrath RentCorp is 1.69%. Learn more on MGRC's dividend yield history.

The annual dividend for MGRC shares is $1.90. Learn more on MGRC's annual dividend history.

McGrath RentCorp pays quarterly dividends to shareholders.

McGrath RentCorp's next quarterly dividend payment of $0.4750 per share will be made to shareholders on Friday, January 31, 2025.

McGrath RentCorp's most recent quarterly dividend payment of $0.4750 per share was made to shareholders on Thursday, October 31, 2024.

McGrath RentCorp's next ex-dividend date is Friday, January 17, 2025.

McGrath RentCorp's most recent ex-dividend date was Thursday, October 17, 2024.

Over the past three years, the company's dividend has grown by an average of 4.20% per year.

McGrath RentCorp has increased its dividend for the past 32 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Wednesday, February 21, 2024.

The dividend payout ratio for MGRC is:
  • 20.77% based on the trailing year of earnings
  • 34.55% based on this year's estimates
  • 29.69% based on next year's estimates
  • 22.36% based on cash flow

McGrath RentCorp's dividend yield of 1.66% 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 20.77% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate McGrath RentCorp stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NASDAQ:MGRC) was last updated on 12/21/2024 by MarketBeat.com Staff
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