SmarterDividends
MGRC

McGrath RentCorp

MGRC34 yrs growth

Industrials · Rental & Leasing Services · Stock · quarterly payer

$119.60

Undervalued · +42% Add to Portfolio

Forward Yield

1.68%

Annual Dividend

$1.98

Payout Ratio

31%

5-Yr Growth

3.4%

Ex-Date

Oct 16, 2026

Frequency

Quarterly

Key facts about MGRC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, McGrath RentCorp (MGRC) has a forward dividend yield of 1.68%, based on an annual dividend of $1.98 per share and a share price of $119.60.
  • As of Oct 30, 2026, MGRC's dividend safety grade from SmarterDividends is A (96 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, McGrath RentCorp (MGRC) has raised its dividend for 34 consecutive years as of Oct 30, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • MGRC has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MGRC's most recent ex-dividend date was Oct 16, 2026, for a dividend of $0.50 per share.
  • As of Oct 30, 2026, MGRC pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
  • MGRC's dividend has grown at an average rate of 3.4% a year over the past five years.
  • As of Oct 30, 2026, MGRC's 1.68% yield is 12% below its five-year average yield of 1.91%.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for MGRC is $169.99 per share, 42% above the $119.60 share price, so MGRC screens as undervalued.
  • McGrath RentCorp (MGRC) pays its dividend quarterly, 4 times a year.
  • McGrath RentCorp (MGRC) has raised its regular dividend 35 times and cut it 0 times across the 143 payments on record since 1990. Its most recent change was a 2.1% increase to $0.495 per share, going ex-dividend on Apr 16, 2026.
  • McGrath RentCorp (MGRC) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 2.1%, was declared on Feb 25, 2026.
Cite this page

SmarterDividends, "MGRC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/MGRC

Summary

As of Oct 30, 2026, McGrath RentCorp (MGRC) yields 1.68% ($1.98 a year per share), has a dividend safety grade of A (96/100) and has 34 consecutive years of dividend increases on record.

Is MGRC a good dividend stock?

Yes

McGrath RentCorp (MGRC) pays a quarterly dividend yielding 1.68% ($1.98/yr), with 34 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Dividend Aristocrat — 34 consecutive years of growth
  • Never cut its dividend on record
  • Comfortable payout ratio (31%)
  • 52% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
1.68%
Payout Ratio
31%
Annual Dividend
$1.98
5-Yr Avg Growth
3.4%
Ex-Dividend Date
Oct 16, 2026
Years of Growth
34
Frequency
quarterly
Beta
0.47
Market Cap
$2.9B
P/E Ratio
18.4
5-Yr Total Return
52%
52-Week Range
$94.99 – $125.83
Dividend Safety
A · 96/100
Ever Cut?
No

MGRC dividend raises and cuts

McGrath RentCorp (MGRC) has raised its regular dividend 35 times and cut it 0 times across the 143 payments on record since 1990. Its most recent change was a 2.1% increase to $0.495 per share, going ex-dividend on Apr 16, 2026.

Ex-dateChangeOld → newMove
Apr 16, 2026Raise$0.485 → $0.495+2.1%
Apr 16, 2025Raise$0.475 → $0.485+2.1%
Apr 15, 2024Raise$0.465 → $0.475+2.2%
Apr 13, 2023Raise$0.455 → $0.465+2.2%
Apr 13, 2022Raise$0.435 → $0.455+4.6%
Apr 14, 2021Raise$0.420 → $0.435+3.6%
Apr 14, 2020Raise$0.375 → $0.420+12.0%
Apr 12, 2019Raise$0.340 → $0.375+10.3%
Apr 13, 2018Raise$0.260 → $0.340+30.8%
Apr 11, 2017Raise$0.255 → $0.260+2.0%
Apr 13, 2016Raise$0.250 → $0.255+2.0%
Apr 14, 2015Raise$0.245 → $0.250+2.0%
Show all 35 changes since 1992
Ex-dateChangeOld → newMove
Apr 14, 2014Raise$0.240 → $0.245+2.1%
Apr 12, 2013Raise$0.235 → $0.240+2.1%
Apr 12, 2012Raise$0.230 → $0.235+2.2%
Apr 13, 2011Raise$0.225 → $0.230+2.2%
Apr 14, 2010Raise$0.220 → $0.225+2.3%
Apr 14, 2009Raise$0.200 → $0.220+10.0%
Apr 14, 2008Raise$0.180 → $0.200+11.1%
Apr 12, 2007Raise$0.160 → $0.180+12.5%
Apr 11, 2006Raise$0.140 → $0.160+14.3%
Apr 13, 2005Raise$0.110 → $0.140+27.3%
Apr 13, 2004Raise$0.100 → $0.110+10.0%
Apr 11, 2003Raise$0.0900 → $0.100+11.1%
Jul 11, 2002Raise$0.0800 → $0.0900+12.5%
Apr 10, 2001Raise$0.0700 → $0.0800+14.3%
Apr 12, 2000Raise$0.0600 → $0.0700+16.7%
Apr 13, 1999Raise$0.0500 → $0.0600+20.0%
Apr 13, 1998Raise$0.0400 → $0.0500+25.0%
Jul 14, 1997Raise$0.0350 → $0.0400+14.3%
Apr 18, 1996Raise$0.0300 → $0.0350+16.7%
Apr 13, 1995Raise$0.0275 → $0.0300+9.1%
Apr 12, 1994Raise$0.0250 → $0.0275+10.0%
Apr 14, 1993Raise$0.0225 → $0.0250+11.1%
Apr 13, 1992Raise$0.0200 → $0.0225+12.5%
Every MGRC payment →Download every raise and cut (CSV)
MGRC ex-dividend date & scheduleNext ex-date Oct 16, 2026 · full ex-dividend historyView →MGRC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MGRC a good dividend stock?

Yes. McGrath RentCorp (MGRC) pays a quarterly dividend yielding 1.68% ($1.98/yr), with 34 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MGRC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MGRC's fair value is about $169.99 versus a $119.60 share price — so it looks undervalued (+42% vs. fair value).

Is MGRC's dividend safe?

MGRC has a dividend-safety grade of A (96/100), based on its payout coverage, free-cash-flow, 34-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MGRC's fair value?

Our blended fair-value estimate for MGRC is about $169.99 per share, roughly 42% above the current $119.60 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MGRC a buy, hold, or sell?

We don't issue formal ratings, but on the data MGRC screens as "yes" and undervalued. McGrath RentCorp (MGRC) pays a quarterly dividend yielding 1.68% ($1.98/yr), with 34 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MGRC cut its dividend?

MGRC earns a dividend-safety grade of A (96/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MGRC pay a dividend?

Yes. McGrath RentCorp pays a quarterly dividend of about $1.98 per share annually, a forward yield of roughly 1.68%.

What is MGRC's dividend yield?

As of Oct 30, 2026, MGRC's forward dividend yield is 1.68%, based on a $1.98 annual dividend and a $119.60 share price.

What is MGRC's dividend per share?

As of Oct 30, 2026, MGRC pays $1.98 per share per year, distributed on a quarterly basis.

What is MGRC's dividend payout ratio?

As of Oct 30, 2026, MGRC's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MGRC grown its dividend?

As of Oct 30, 2026, MGRC has increased its dividend for 34 consecutive years.

When is the next MGRC ex-dividend date?

As of Oct 30, 2026, MGRC's next ex-dividend date hasn't been announced. The most recent was Oct 16, 2026, for $0.50 per share.

Income Calculator

At $1.98 / yr per share

Per payment (quarterly)$49.50
Annual$198.00
Monthly avg$16.50

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