
Mcgrath Rentcorp (MGRC)
McGrath 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 $0.48 per share, scheduled to be distributed in 9 days on October 31, 2025
Pay Date | Amount | Ex-Date | Record Date |
---|---|---|---|
October 31, 2025 | $0.48 | 2025-10-17 | 2025-10-17 |
July 31, 2025 | $0.48 | 2025-07-17 | 2025-07-17 |
April 30, 2025 | $0.48 | 2025-04-16 | 2025-04-16 |
January 31, 2025 | $0.47 | 2025-01-17 | 2025-01-17 |
October 31, 2024 | $0.47 | 2024-10-17 | 2024-10-17 |
Dividends Summary
- Mcgrath Rentcorp has issued 87 dividend payments over the past 21 years
- The most recent dividend was paid 83 days ago, on July 31, 2025
- The highest dividend payed out to investors during this period was $0.48 per share
- The average dividend paid during this period was $0.29 per share.
Company News
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.
McGrath (MGRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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