Mcgrath Rentcorp's last quarterly dividend of $0.475 per share was on Apr 15, 2024 (ex-date). The annualized dividend payment of $1.87 per share represents a current dividend yield of 1.72%. The latest MGRC payout of $0.475 marks a dividend growth of 2.2%.
Mcgrath Rentcorp's dividend yield of 1.72% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.41%, Mcgrath Rentcorp's dividend yield is 22% higher. The historical 5-year average of MGRC's dividend yield is 2.2%, which is higher than the current one.
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. But with the stock price up by 22% from a year ago, the dividend yield has decreased by 17%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Apr 15, 2024 | Apr 30, 2024 | Feb 21, 2024 | $0.475 | normal |
Jan 16, 2024 | Jan 31, 2024 | Dec 7, 2023 | $0.465 | normal |
Oct 16, 2023 | Oct 31, 2023 | Sep 15, 2023 | $0.465 | normal |
Jul 14, 2023 | Jul 31, 2023 | Jun 7, 2023 | $0.465 | normal |
Apr 13, 2023 | Apr 28, 2023 | Feb 22, 2023 | $0.465 | normal |
Jan 13, 2023 | Jan 31, 2023 | Dec 8, 2022 | $0.455 | normal |
Oct 14, 2022 | Oct 31, 2022 | Sep 15, 2022 | $0.455 | normal |
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's payout ratio of 26.2% is above the industry average but below the Industrials sector average. Compared to its Industrials sector average of 30.4%, Mcgrath Rentcorp's payout ratio is 14% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
AAN Aaron's Company Inc | 6.73% | $0.5 | 555.6% |
HEES H&E Equipment Services Inc | 1.88% | $1.1 | 23.5% |
MGRC Mcgrath Rentcorp | 1.72% | $1.87 | 26.2% |
Yes, Mcgrath Rentcorp has paid four dividends in the last twelve months. MGRC has been paying dividends since 1994.
MGRC hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in July 2024.
Mcgrath Rentcorp's last regular dividend was on Apr 15, 2024 (ex-date) with the amount of $0.475 per share.
MGRC has paid dividend of $1.87 per share in the last year.
The current dividend yield of Mcgrath Rentcorp is 1.72%.
Mcgrath Rentcorp has a quarterly dividend frequency.
The dividend payout ratio of Mcgrath Rentcorp is 26.2%.
Mcgrath Rentcorp's dividend yield is higher than the Industrials sector average.