McGrath RentCorp Increases Quarterly Dividend From $0.465 To $0.475 Per Share
Portfolio Pulse from Benzinga Newsdesk
McGrath RentCorp (MGRC) has increased its quarterly dividend to $0.475 per share, marking a 2% increase from the previous year and continuing its 33-year streak of annual dividend increases. The dividend is payable on April 30, 2024, to shareholders of record as of April 16, 2024.
February 21, 2024 | 9:26 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
McGrath RentCorp has announced an increase in its quarterly dividend to $0.475 per share, a 2% increase from the previous year, marking the 33rd consecutive year of dividend increases.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. MGRC's consistent history of dividend growth over 33 years further strengthens investor confidence, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100