Friday Is Your Last Chance To Buy McGrath RentCorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
McGrath RentCorp (NASDAQ:MGRC) has announced a quarterly dividend of 46.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 31, 2023.
October 11, 2023 | 2:45 pm
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McGrath RentCorp's stock is expected to trade lower on Monday due to the ex-dividend date. The dividend payout may attract more investors to the stock.
The stock is expected to trade lower on the ex-dividend date as the price adjusts to reflect the dividend payout. However, the announcement of a dividend can also attract more investors, potentially offsetting the price drop. The impact is neutral in the short term.
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