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Investors who prize %Dividend payments will want to checkout small-cap stock %McGrathRentCorp (NASDAQ: $MGRC ).

Founded in 1979, McGrath rents modular storage units, mostly to other businesses. It also rents storage containers and mobile offices.

McGrath’s rentals often serve as portable offices on construction sites around the U.S.

Based in California, McGrath’s stock has a market capitalization of just under $3 billion U.S., making it a small-cap play.

The share price has done okay, rising 11% in the last 12 months and 61% over the past five years. However, the real reason to buy the stock is for its divided.

McGrath has raised its dividend for 32 consecutive years. That makes it a “Dividend Aristocrat,” defined as any concern that raises its distribution to shareholders for 25 years or longer.

McGrath’s stock currently pays a quarterly dividend of $0.48 U.S. per share, giving it a yield of 1.59%. The company has shown an unwavering commitment to its dividend over the years.

Earlier this year, McGrath RentCorp was nearly acquired by WillScot Mobile Mini Holdings (WSC) for $123 U.S. per share, representing a then 10% premium to the stock’s price.

Both boards approved the deal in what looked like a friendly takeover. However, the companies called off the acquisition in September after regulators kicked up a fuss.

Still, some analysts say that McGrath RentCorp remains in play and another company could take a run at acquiring it in the not-too-distant future.

McGrath RentCorp’s stock is currently trading at $119.81 U.S. per share, which is 13 times future earnings estimates.