The Board of Directors of McGrath RentCorp (NASDAQ:MGRC), a diversified business to business rental company declared a quarterly cash dividend of $0.23 per common share for the quarter ended June 30, 2011. The dividend will be payable on July 29, 2011 to all shareholders of record on July 15, 2011. The year 2011 marks the 20th consecutive year that McGrath RentCorp has raised its dividend to shareholders.
ABOUT MCGRATH RENTCORP
Founded in 1979, McGrath RentCorp is a diversified business-to-business rental company. Under the trade name Mobile Modular Management Corporation (Mobile Modular), it rents and sells modular buildings to fulfill customers’ temporary and permanent classroom and office space needs in California, Texas, Florida, and the Mid-Atlantic from Washington D.C. to Georgia. The Company’s TRS-RenTelco division rents and sells electronic test equipment and is one of the leading rental providers of general purpose and communications test equipment in the Americas. In 2008, the Company purchased the assets of Adler Tank Rentals, a New Jersey based supplier of rental containment solutions for hazardous and nonhazardous liquids and solids with operations today serving key markets throughout the U.S. Also, in 2008, under the trade name TRS-Environmental, the Company entered the environmental test equipment rental business serving the Americas. In 2008, the Company also entered the portable storage container rental business in California under the trade name Mobile Modular Portable Storage, and in 2009 expanded this business into Texas and Florida. For more information on McGrath RentCorp and its operating units, please visit our websites:
Corporate – www.mgrc.comTanks and Boxes – www.AdlerTankRentals.com Modular Buildings – www.MobileModularRents.com Portable Storage – www.MobileModularRents-PortableStorage.com Electronic Test Equipment – www.TRS-RenTelco.com Environmental Test Equipment – www.TRS-Environmental.com School Facilities Manufacturing – www.Enviroplex.com