McGrath RentCorp (McGrath RentCorp) Dividend Payout Ratio

: 0.36 (As of Dec. 2023)

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McGrath RentCorp's dividend payout ratio for the months ended in Dec. 2023 was 0.36.

The historical rank and industry rank for McGrath RentCorp's Dividend Payout Ratio or its related term are showing as below:

MGRC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.42 Max: 0.63
Current: 0.41

During the past 13 years, the highest Dividend Payout Ratio of McGrath RentCorp was 0.63. The lowest was 0.16. And the median was 0.42.

MGRC's Dividend Payout Ratio is ranked worse than
53.08% of 520 companies
in the Business Services industry
Industry Median: 0.39 vs MGRC: 0.41

As of today (2024-04-19), the Dividend Yield % of McGrath RentCorp is 1.69%.

During the past 13 years, the highest Trailing Annual Dividend Yield of McGrath RentCorp was 4.34%. The lowest was 1.42%. And the median was 2.38%.

McGrath RentCorp's Dividends per Share for the months ended in Dec. 2023 was $0.47.

During the past 12 months, McGrath RentCorp's average Dividends Per Share Growth Rate was 2.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of McGrath RentCorp was 20.30% per year. The lowest was 2.00% per year. And the median was 11.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

McGrath RentCorp Dividend Payout Ratio Historical Data

The historical data trend for McGrath RentCorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

McGrath RentCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.37

0.39

0.50

0.43

0.41

McGrath RentCorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.28	0.98	0.41	0.28	0.36

Competitive Comparison

For the Rental & Leasing Services subindustry, McGrath RentCorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McGrath RentCorp Dividend Payout Ratio Distribution

For the Business Services industry and Industrials sector, McGrath RentCorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where McGrath RentCorp's Dividend Payout Ratio falls into.

McGrath RentCorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

McGrath RentCorp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.85	/	4.551
	=	0.41

McGrath RentCorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.465	/	1.296
	=	0.36

McGrath RentCorp (NAS:MGRC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

McGrath RentCorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of McGrath RentCorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

McGrath RentCorp (McGrath RentCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MG8:Germany

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

Executives

Trease Kristina Van	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney	officer: VP, Controller, PAO	5700 LOS POSITAS ROAD, LIVERMORE CA 94551
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
Philip B Hawkins	officer: VP & Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott	officer: Vice President Human Resources	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John Lieffrig	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John P Skenesky	officer: VP and Division Manager	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek	officer: VP, Legal General Counsel	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford	director
Kimberly Ann Box	director	7157 TREELINE CT., GRANITE BAY CA 95746
Nicolas C Anderson	director	3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter	officer: VP & Division Manager	C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kay Dashner	officer: Senior Human Resources Advisor	5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Morris Richard Smith	director	1225 17TH STREET, SUITE 1300, DENVER CO 80202
Smita Conjeevaram	director	70 HERETOLD ROAD, BRONXVILLE NY 17708