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MGRC Mcgrath Rentcorp dividend history, payout ratio & dates

Mcgrath Rentcorp's last quarterly dividend of $0.455 per share was on Jul 14, 2022 (ex-date). The annualized dividend payment of $1.78 per share represents a current dividend yield of 2.07%.

Key dates

  • MGRC last dividend date: Jul 14, 2022
  • MGRC next dividend date: Oct 14, 2022
MGRC dividend stats
DPS
$1.78
Dividend yield
2.07%
Payout ratio
44.8%
vs. Industrials sector
Dividend yield
1.62%
Payout ratio
28.9%

Dividend yield

What is Mcgrath Rentcorp current dividend yield

Mcgrath Rentcorp's dividend yield of 2.07% is higher than the Industrials sector average but lower than the industry average. In comparison with the Industrials sector average of 1.62%, Mcgrath Rentcorp's dividend yield is 28% higher. The historical 5-year average of MGRC's dividend yield is 2.3%, which is higher than the current one.

Dividend history

What is MGRC dividend payout history and dates

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 4.1% for the last twelve months. But with the stock price up by 15% from a year ago, the dividend yield has decreased by 10%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jul 14, 2022 Jul 29, 2022 Jun 8, 2022 $0.455 normal
Apr 13, 2022 Apr 29, 2022 Feb 23, 2022 $0.455 normal
Jan 13, 2022 Jan 31, 2022 Dec 9, 2021 $0.435 normal
Oct 14, 2021 Oct 29, 2021 Sep 16, 2021 $0.435 normal
Jul 15, 2021 Jul 30, 2021 Jun 9, 2021 $0.435 normal
Apr 14, 2021 Apr 30, 2021 Feb 23, 2021 $0.435 normal
Jan 14, 2021 Jan 29, 2021 Dec 10, 2020 $0.42 normal
Oct 15, 2020 Oct 30, 2020 Sep 18, 2020 $0.42 normal
Jul 16, 2020 Jul 31, 2020 Jun 3, 2020 $0.42 normal
Apr 14, 2020 Apr 30, 2020 Feb 25, 2020 $0.42 normal
Jan 16, 2020 Jan 31, 2020 Dec 4, 2019 $0.375 normal
Oct 16, 2019 Oct 31, 2019 Sep 19, 2019 $0.375 normal
Jul 16, 2019 Jul 31, 2019 Jun 5, 2019 $0.375 normal
Apr 12, 2019 Apr 30, 2019 Feb 26, 2019 $0.375 normal
Jan 16, 2019 Jan 31, 2019 Dec 5, 2018 $0.34 normal
Oct 16, 2018 Oct 31, 2018 Sep 20, 2018 $0.34 normal
Jul 16, 2018 Jul 31, 2018 Jun 6, 2018 $0.34 normal
Apr 13, 2018 Apr 30, 2018 Feb 27, 2018 $0.34 normal
Jan 16, 2018 Jan 31, 2018 Dec 6, 2017 $0.26 normal
Oct 16, 2017 Oct 31, 2017 Sep 20, 2017 $0.26 normal
Jul 13, 2017 Jul 31, 2017 Jun 7, 2017 $0.26 normal
Apr 11, 2017 Apr 28, 2017 Feb 23, 2017 $0.26 normal
Jan 12, 2017 Jan 31, 2017 Dec 7, 2016 $0.255 normal
Oct 13, 2016 Oct 31, 2016 Sep 21, 2016 $0.255 normal
Jul 13, 2016 Jul 29, 2016 Jun 8, 2016 $0.255 normal

Mcgrath Rentcorp dividend payout ratio

What is Mcgrath Rentcorp dividend payout ratio compared to the sector

Payout ratio

Mcgrath Rentcorp's payout ratio of 44.8% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 28.9%, Mcgrath Rentcorp's payout ratio is 55% higher.

Total amount of dividends paid per financial year (from cash flow)

MGRC dividend vs peer dividends

How does MGRC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
RCII Rent A Center Inc De 6.77% $1.36 160%
AAN Aaron's Company Inc 4.3% $0.44 24.3%
HEES H&E Equipment Services Inc 3.52% $1.1 31.9%
MGRC Mcgrath Rentcorp 2.07% $1.78 44.8%

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 is Mcgrath Rentcorp's next dividend?

MGRC's next dividend date is Oct 14, 2022 (ex-date).

When was MGRC's last dividend?

Mcgrath Rentcorp's last regular dividend was on Jul 14, 2022 (ex-date) with the amount of $0.455 per share.

How much dividend does Mcgrath Rentcorp pay (per share)?

MGRC has paid dividend of $1.78 per share in the last year.

What is Mcgrath Rentcorp's dividend yield?

The current dividend yield of Mcgrath Rentcorp is 2.07%.

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 44.8%.

Does Mcgrath Rentcorp pay a good dividend?

Mcgrath Rentcorp's dividend yield is higher than the Industrials sector average.