McGrath RentCorp Declares $0.475 Dividend, Celebrating 33 Years of Increases

McGrath RentCorp Reinforces Commitment to Shareholders with Dividend Announcement

McGrath RentCorp, a leading business-to-business rental company in North America, underscores its commitment to shareholder value by declaring a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. This dividend, payable on January 31, 2025, to shareholders on record as of January 17, 2025, marks a significant milestone for the Company. In 2025, McGrath will celebrate its 33rd consecutive year of dividend increases, a testament to its robust financial performance and dedication to returning profits to its investors.

Founded in 1979 and headquartered in Livermore, California, McGrath RentCorp specializes in modular solutions through its Mobile Modular and Mobile Modular Portable Storage divisions, as well as providing electronic test equipment rentals through its TRS-RenTelco segment. The Company maintains a strong reputation for profitable growth, emphasizing sustainable practices that contribute to the circular supply economy. This focus not only enhances operational efficiency for clients but also aligns with growing environmental consciousness among businesses today.

The foundation of McGrath’s enduring success is its unwavering commitment to exceptional customer service. Over the years, this dedication has not only solidified its market position but has also enabled the Company to achieve consistent annual dividend increases. Such a track record is rare among publicly traded companies and positions McGrath RentCorp as a leader in the rental industry, focused on sustainable growth and customer satisfaction.

In addition to its dividend announcement, McGrath RentCorp continues to strengthen its offerings and expand its market presence. The Company’s modular solutions and electronic test equipment rentals cater to diverse sectors, contributing to operational efficiencies for businesses across North America. As McGrath looks ahead, its strategic emphasis on customer experience and sustainability remains at the forefront, ensuring that it not only meets current market demands but also anticipates future trends in the rental industry.

For further insights into McGrath RentCorp and its services, interested parties can visit their official websites at mgrc.com and investors.mgrc.com.