Dividends News: Mac-Gray To Pay 5 Cents Per Share
September 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — The board of directors of Mac-Gray Corp. (NYSE: TUC ) has declared a quarterly dividend of $0.05 per share on the company's common stock, payable on October 1, 2010, to stockholders of record at the close of business on September 15, 2010.
Massachusetts-based Mac-Gray derives its revenue principally through the contracting of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes.
Mac-Gray manages around 88,000 laundry rooms located in 43 states and the District of Columbia. The firm also sells and services commercial laundry equipment to retail laundromats and other customers through its product sales division.
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