B2B rental company McGrath RentCorp (NASDAQ:MGRC) announced today its third-quarter dividend of $0.24 per share, the same rate it's paid for the past two quarters after raising the payout 2% from $0.235 per share.
The board of directors said the quarterly dividend is payable on October 31 to holders of record at the close of business on October 21. The regular dividend payment equates to a $0.96-per-share annual dividend, yielding 2.7% based on the closing price today of McGrath RentCorp's stock.
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