McGrath RentCorp (NASDAQ:MGRC) will begin trading ex-dividend on July 16, 2020. The quarterly dividend payment of $ 0.42 per share is scheduled to be paid on July 31, 2020. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date, latest at the end of the trading session on July 16, 2020.
Dividends History
wpDataTable with provided ID not found!Click Here For More Historical Dividends Of McGrath RentCorp
Recent Earnings Announcement
McGrath RentCorp unveiled income for the first quarter of $ 0.81 per share, from the revenue of $ 129.45 million. The quarterly earnings hiked 8.00 percent while revenues surged 6.10 percent compared with the same quarter last year.
Wall street analysts are predicting, MGRC to report 1Q20 income of $ 0.74 per share from revenue of $ 126.52 million. The bottom line results beat street analysts by $ 0.07 or 9.46 percent, at the same time, top line results outshined analysts by $ 2.93 million or 2.32 percent.
Stock Performance
According to the previous trading day, closing price of MGRC was $ 55.46, representing a 25.14 % increase from the 52 week low of $ 44.32 and a 33.94 % decrease over the 52 week high of $ 83.95.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MGRC” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
The company has a market capital of $ 1.34 billion and is part of the Industrials sector and Rental & Leasing Services industry.
McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates in four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.
