News

Looking at the universe of stocks we cover at Dividend Channel, on 4/15/24, McGrath RentCorp (Symbol: MGRC), EMCOR Group, Inc. (Symbol: EME), and Sandstorm Gold Ltd (Symbol: SAND) will all trade ex-dividend for their respective upcoming dividends. McGrath RentCorp will pay its quarterly dividend of $0.475 on 4/30/24, EMCOR Group, Inc. will pay its quarterly dividend of $0.25 on 4/30/24, and Sandstorm Gold Ltd will pay its quarterly dividend of $0.02 on 4/26/24. As a percentage of MGRC's recent stock price of $117.92, this dividend works out to approximately 0.40%, so look for shares of McGrath RentCorp to trade 0.40% lower — all else being equal — when MGRC shares open for trading on 4/15/24. Similarly, investors should look for EME to open 0.07% lower in price and for SAND to open 0.36% lower, all else being equal.

Below are dividend history charts for MGRC, EME, and SAND, showing historical dividends prior to the most recent ones declared.

McGrath RentCorp (Symbol: MGRC):

EMCOR Group, Inc. (Symbol: EME):

Sandstorm Gold Ltd (Symbol: SAND):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.61% for McGrath RentCorp, 0.29% for EMCOR Group, Inc., and 1.45% for Sandstorm Gold Ltd.

Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, McGrath RentCorp shares are currently down about 1.9%, EMCOR Group, Inc. shares are down about 0.5%, and Sandstorm Gold Ltd shares are off about 1.4% on the day.

Also see:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.