MGRC Mcgrath Rentcorp dividend history, payout ratio & dates
Mcgrath Rentcorp's last dividend of $0.475 per share was on Oct 17, 2024 (ex-date). The annualized dividend payment of $1.89 per share represents a current dividend yield of 1.69%.
Key dates
- MGRC last dividend date: Oct 17, 2024
MGRC dividend stats
vs. Industrials sector
Dividend yield
Mcgrath Rentcorp's dividend yield of 1.69% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.47%, Mcgrath Rentcorp's dividend yield is 15% higher. The historical 5-year average of MGRC's dividend yield is 2.1%, which is higher than the current one.
Dividend history
Mcgrath Rentcorp has a history of paying dividends since 1994. Our records of MGRC show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 2.2% for the last twelve months. And with the stock price down by 6% from a year ago, the dividend yield has increased by 8%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Oct 17, 2024 | $0.475 | 1.75% |
| Jul 17, 2024 | $0.475 | 1.69% |
| Apr 15, 2024 | $0.475 | 1.65% |
| Jan 16, 2024 | $0.465 | 1.7% |
| Oct 16, 2023 | $0.465 | 1.8% |
| Jul 14, 2023 | $0.465 | 1.99% |
| Apr 13, 2023 | $0.465 | 2.03% |
| Jan 13, 2023 | $0.455 | 1.81% |
| Oct 14, 2022 | $0.455 | 2.15% |
| Jul 14, 2022 | $0.455 | 2.36% |
| Apr 13, 2022 | $0.455 | 2.09% |
| Jan 13, 2022 | $0.435 | 2.22% |
| Oct 14, 2021 | $0.435 | 2.26% |
| Jul 15, 2021 | $0.435 | 2.2% |
| Apr 14, 2021 | $0.435 | 2.09% |
| Jan 14, 2021 | $0.42 | 2.31% |
| Oct 15, 2020 | $0.42 | 2.51% |
| Jul 16, 2020 | $0.42 | 2.92% |
| Apr 14, 2020 | $0.42 | 2.89% |
| Jan 16, 2020 | $0.375 | 1.91% |
| Oct 16, 2019 | $0.375 | 2.2% |
| Jul 16, 2019 | $0.375 | 2.2% |
| Apr 12, 2019 | $0.375 | 2.4% |
| Jan 16, 2019 | $0.34 | 2.69% |
| Oct 16, 2018 | $0.34 | 2.52% |
| Jul 16, 2018 | $0.34 | 1.94% |
| Apr 13, 2018 | $0.34 | 2.05% |
| Jan 16, 2018 | $0.26 | 2.11% |
| Oct 16, 2017 | $0.26 | 2.28% |
| Jul 13, 2017 | $0.26 | 3.03% |
| Apr 11, 2017 | $0.26 | 3.03% |
| Jan 12, 2017 | $0.255 | 2.64% |
| Oct 13, 2016 | $0.255 | 3.24% |
| Jul 13, 2016 | $0.255 | 3.1% |
| Apr 13, 2016 | $0.225 | 4.11% |
| Jan 13, 2016 | $0.25 | 4.38% |
| Oct 14, 2015 | $0.25 | 3.65% |
| Jul 15, 2015 | $0.25 | 3.45% |
| Apr 14, 2015 | $0.25 | 2.84% |
| Jan 14, 2015 | $0.245 | 2.99% |
Mcgrath Rentcorp dividend payout ratio
Payout ratio
Mcgrath Rentcorp's payout ratio of 20.6% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 33.2%, Mcgrath Rentcorp's payout ratio is 38% lower.
Total amount of dividends paid per financial year (from cash flow)
MGRC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HEES H&E Equipment Services Inc | 2.19% | $1.1 | 27.6% |
| MGRC Mcgrath Rentcorp | 1.68% | $1.89 | 20.6% |
| URI United Rentals Inc | 0.9% | $6.52 | 17% |
Frequently asked questions
Does Mcgrath Rentcorp pay a dividend?
Yes, Mcgrath Rentcorp has paid four dividends in the last twelve months. MGRC has been paying dividends since 1994.
When was MGRC's last dividend?
Mcgrath Rentcorp's last regular dividend was on Oct 17, 2024 (ex-date) with the amount of $0.475 per share.
How much dividend does Mcgrath Rentcorp pay (per share)?
MGRC has paid dividend of $1.89 per share in the last year.
What is Mcgrath Rentcorp's dividend yield?
The current dividend yield of Mcgrath Rentcorp is 1.69%.
How often does Mcgrath Rentcorp pay dividends?
Mcgrath Rentcorp has a quarterly dividend frequency.
What is Mcgrath Rentcorp's dividend payout ratio?
The dividend payout ratio of Mcgrath Rentcorp is 20.6%.
Does Mcgrath Rentcorp pay a good dividend?
Mcgrath Rentcorp's dividend yield is higher than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.