McGrath RentCorp (MGRC) has declared a quarterly dividend of $0.48 per share, reinforcing its commitment to returning value to shareholders. The dividend will be payable to shareholders of record as of January 15, 2026, with a payment date set for January 29, 2026.
This announcement highlights the company's ongoing strategy to provide regular income to its investors, with a current dividend yield of 1.79%. Such decisions reflect McGrath RentCorp's strong cash flow generation and capital allocation strategy.
Investors must own shares before the ex-dividend date on January 15, 2026, to qualify for the upcoming payment. The company, which operates in the trading companies and distributors industry, continues to demonstrate financial stability, with a market capitalization of $2.6 billion and a trailing P/E ratio of 18.12.
As part of its operations, McGrath RentCorp engages in the provision of business-to-business rental services across four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. The firm is headquartered in Livermore, California, and employs 1,219 full-time staff.
Looking ahead, the company is expected to report earnings on July 22, 2026, with an estimated EPS of $1.64 and revenue of $249.7 million. Such financial metrics will be crucial for investors assessing the sustainability of its dividend payments.
Overall, McGrath RentCorp's consistent dividend payments underscore its robust operational performance and commitment to shareholder returns.