Mcgrath Rentcorp
MGRCMcGrath RentCorp (MGRC) is a diversified rental company that specializes in providing modular, portable, and standard commercial and industrial space and equipment solutions. The company operates through various segments, including MARC (Modular Building Solutions), CMT (Climate Control & Modular), and RENT (Specialized Equipment), serving industries such as construction, education, and healthcare. Founded in 1979, McGrath RentCorp is known for its long-term rental assets and customer-centric approach.
Dividend History
Investors can expect a dividend payout of $0.49 per share, scheduled to be distributed in 13 days on July 31, 2026
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| July 31, 2026 | $0.49 | 2026-07-17 | 2026-07-17 |
| April 30, 2026 | $0.49 | 2026-04-16 | 2026-04-16 |
| January 30, 2026 | $0.48 | 2026-01-16 | 2026-01-16 |
| October 31, 2025 | $0.48 | 2025-10-17 | 2025-10-17 |
| July 31, 2025 | $0.48 | 2025-07-17 | 2025-07-17 |
Dividends Summary
- Consistent Payer: Mcgrath Rentcorp has rewarded shareholders with 90 dividend payments over the past 22 years.
- Total Returned Value: Investors who held MGRC shares during this period received a total of $27.00 per share in dividend income.
- Latest Payout: The most recent dividend of $0.49/share was paid 79 days ago, on April 30, 2026.
- Yield & Schedule: MGRC currently pays dividends quarterly with an annual yield of 1.66%.
- Dividend Growth: Since 2004, the dividend payout has grown by 125.0%, from $0.22 to $0.49.
- Dividend Reliability: MGRC has maintained or increased its dividend for 42 consecutive payments.
Company News
McGrath RentCorp director Joseph F. Hanna sold 7,500 shares worth approximately $905,000 on July 1, 2026, reducing his stake by 4.7%. The article characterizes this as routine portfolio trimming rather than a red flag, noting Hanna still holds ~$18.3 million in stock. The company reported strong Q1 results with 5% rental revenue growth and mainta...
Anchor Capital Management increased its stake in McGrath RentCorp by 40,352 shares ($4.49 million) in Q1 2026, signaling confidence in data center demand. McGrath's rental operations revenue climbed 5%, with TRS-RenTelco rental revenue jumping 13% due to accelerating data center buildouts. The company maintains a 35-year dividend increase streak ...
Anchor Capital Management fully exited its position in Patrick Industries during Q1 2026, selling 116,967 shares worth approximately $14.46 million. The exit reduced Patrick Industries from 11.3% of the fund's assets to zero. Patrick Industries faces headwinds from softening RV and housing demand, though the company showed strength in marine and ...
McGrath RentCorp and WillScot Holdings have mutually agreed to cancel their planned merger, with McGrath to receive a $180 million termination fee. The deal was scrutinized by the FTC over anti-competitive concerns, leading to its cancellation.
The global modular construction industry is expected to continue its robust growth trajectory, reaching an estimated $138.37 billion by 2028 with a CAGR of 7.8%. Innovations, supportive government policies, and rising urbanization are driving this expansion, particularly in sectors like healthcare and education.
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