On 1/15/13, McGrath RentCorp (MGRC) will trade ex-dividend, for its quarterly dividend of $0.235, payable on 1/31/13. As a percentage of MGRC's recent stock price of $29.40, this dividend works out to approximately 0.80%, so look for shares of McGrath RentCorp to trade 0.80% lower all else being equal when MGRC shares open for trading on 1/15/13.