Reminder - McGrath RentCorp (MGRC) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/17/13, McGrath RentCorp (MGRC) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 10/31/13. As a percentage of MGRC's recent stock price of $35.35, this dividend works out to approximately 0.68%, so look for shares of McGrath RentCorp to trade 0.68% lower — all else being equal — when MGRC shares open for trading on 10/17/13.

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Below is a dividend history chart for MGRC, showing historical dividends prior to the most recent $0.24 declared by McGrath RentCorp:

MGRC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MGRC is likely to continue, and whether the current estimated yield of 2.72% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MGRC shares, versus its 200 day moving average:

McGrath RentCorp 200 Day Moving Average Chart

Looking at the chart above, MGRC's low point in its 52 week range is $24.38 per share, with $37.79 as the 52 week high point — that compares with a last trade of $35.35.
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In Wednesday trading, McGrath RentCorp shares are currently up about 0.9% on the day.

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