McGrath RentCorp stock falls 1.14 percent after dividend declaration
Published on 09/24/2026 at 19:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
McGrath RentCorp stock was trading at USD 111.94 on Nasdaq on September 24, 2026 at 1:52 p.m. ET, down 1.14 percent from USD 113.24. The move came as investors weighed a quarterly dividend declaration against weaker second-quarter operating figures.
Dividend remains a key support
According to Business Wire on September 18, 2026, McGrath RentCorp declared a quarterly cash dividend of USD 0.495 per common share for the quarter ending September 30, 2026. The payment is scheduled for October 30, 2026, for shareholders of record on October 16, 2026.
The dividend declaration extends a record of more than 35 consecutive years of annual dividend increases, according to Business Wire. That income track record provides a counterweight to the stock's 1.14 percent intraday decline on September 24, 2026.
Revenue fell 6 percent
McGrath RentCorp reported total revenue of USD 221.1 million for the quarter ended June 30, 2026, down 6 percent from the second quarter of 2025. Net income decreased to USD 33.7 million from USD 36.0 million, while diluted EPS fell to USD 1.37 from USD 1.46, according to Business Wire.
The comparison makes the central tension clear: the dividend policy is durable, but the latest quarterly income statement was weaker. McGrath operates a business-to-business rental platform spanning modular buildings, portable storage and electronic test equipment, so utilization and project timing remain important drivers of revenue.
Stock remains below yearly high
At USD 111.94, the stock stood USD 13.89 below its 52-week high of USD 125.83 and USD 16.95 above its 52-week low of USD 94.99 on September 24, 2026. The market capitalization was USD 2,734,334,979, giving the daily decline a measured valuation context rather than signaling a break to a new yearly low.
McGrath RentCorp's next market checkpoint is the interaction between recurring rental demand, capital spending and the USD 0.495 quarterly distribution. The latest revenue comparison shows why the dividend can attract attention even as operating growth remains uneven.
Nasdaq trading sets the reference
McGrath RentCorp stock was trading at USD 111.94 on Nasdaq on September 24, 2026 at 1:52 p.m. ET, with a daily change of negative 1.14 percent. The reference range for the same date was USD 94.99 to USD 125.83 over 52 weeks.
McGrath RentCorp market data
- Company: McGrath RentCorp
- Ticker: MGRC
- Trading venue: Nasdaq
- Price as of September 24, 2026, 1:52 p.m. ET: USD 111.94
- Market capitalization: USD 2,734,334,979 as of September 24, 2026
- 52-week range: USD 94.99-125.83 as of September 24, 2026
- Sector / Industry: Trade Distributors
