McGrath RentCorp (MGRC) Announces Quarterly Dividend of $0.25
McGrath RentCorp (NASDAQ:MGRC) announced a quarterly dividend on Wednesday, June 11th, AnalystRatings.Net reports. Shareholders of record on Thursday, July 17th will be paid a dividend of 0.245 per share on Thursday, July 31st. This represents a $0.98 annualized dividend and a dividend yield of 2.79%.
A number of research firms have recently commented on MGRC. Analysts at KeyCorp upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $41.00 price target on the stock. Analysts at Zacks upgraded shares of McGrath RentCorp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $31.80 price target on the stock.
McGrath RentCorp (NASDAQ:MGRC) traded down 0.72% on Wednesday, hitting $35.075. The stock had a trading volume of 51,042 shares. McGrath RentCorp has a one year low of $29.02 and a one year high of $40.10. The stock has a 50-day moving average of $33.20 and a 200-day moving average of $35.54. The company has a market cap of $907.5 million and a P/E ratio of 21.97.
McGrath RentCorp (NASDAQ:MGRC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.06. Analysts expect that McGrath RentCorp will post $1.70 EPS for the current fiscal year.
In other McGrath RentCorp news, Director Dennis P. Stradford unloaded 2,330 shares of McGrath RentCorp stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $34.20, for a total transaction of $79,686.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
McGrath RentCorp (NASDAQ:MGRC) is a diversified business to business rental company.
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