Mobile Mini (MINI) will raise its quarterly dividend by 10.2 percent to $0.303 per share in the first quarter of 2020. This follows similar sized dividend increases in the previous years by the portable storage solutions provider.

The next dividend will be paid on March 11, 2020 to shareholders of record as of February 26, 2020. A new annualized dividend rate of $1.212 per share yields 2.9% at a stock price of $42.46 for MINI.

Mobile Mini, Inc. is a provider of portable storage solutions through its total rental fleet of portable storage containers and office units and is a provider of tank and pump solutions in the U.S. The company has operarationis in the United States, the United Kingdom and Canada. Mobile Mini Inc. was founded in 1983 and has been paying a dividend since 2014.