LIVERMORE, Calif., Dec. 10, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of McGrath RentCorp (Nasdaq:MGRC), a diversified business to business rental company declared a quarterly cash dividend of $0.245 per common share for the quarter ended December 31, 2014. The dividend will be payable on January 30, 2015 to all shareholders of record on January 16, 2015. The year 2014 marks the 23rd 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. The Company's Mobile Modular division 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. The Company's New Jersey based Adler Tank Rentals subsidiary rents and sells containment solutions for hazardous and nonhazardous liquids and solids with operations today serving key markets throughout the United States. In 2008, the Company 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 – Tanks and Boxes – Modular Buildings – Portable Storage – Electronic Test Equipment – School Facilities Manufacturing –
CONTACT: Keith Pratt         Chief Financial Officer         925 606 9200

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