June 9, 2010 (FinancialWire) — The board of directors of McGrath RentCorp (NASDAQ: MGRC), a business to business rental company, has declared a quarterly cash dividend of $0.225 per common share for the quarter ended June 30, 2010. The dividend will be payable on July 30, 2010 to all shareholders of record on July 16, 2010.

California-based McGrath RentCorp, operating under the trade name Mobile Modular Management Corp., rents and sells modular buildings to fulfill customers’ temporary and permanent classroom and office space needs in California, Texas, Florida, North Carolina, Georgia, Maryland, Virginia and Washington, D.C.

The company’s TRS-RenTelco division rents and sells electronic test equipment as a rental provider of general purpose and communications test equipment.

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 in the Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West.

Also, in 2008, under the trade name TRS-Environmental, the company entered the environmental test equipment rental business serving the Americas. In 2008, McGrath also entered the portable storage container rental business in Northern California under the trade name Mobile Modular Portable Storage, and in 2009 expanded this business into Southern California, Texas and Florida.

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