GATX Corporation Declares Quarterly Dividend of $0.66 (NYSE:GATX)

GATX Corporation (NYSE:GATXGet Free Report) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.66 per share by the transportation company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

GATX has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. GATX has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings.

GATX Stock Up 0.7%

NYSE GATX traded up $1.27 during trading on Friday, hitting $178.13. 185,846 shares of the company traded hands, compared to its average volume of 169,911. GATX has a 12 month low of $150.42 and a 12 month high of $205.56. The business has a fifty day simple moving average of $178.62 and a 200 day simple moving average of $179.12. The company has a market capitalization of $6.29 billion, a P/E ratio of 17.64 and a beta of 1.17. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.

GATX (NYSE:GATXGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The business had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same quarter in the prior year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, sell-side analysts predict that GATX will post 10.1 EPS for the current year.

GATX Company Profile

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GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.

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Dividend History for GATX (NYSE:GATX)

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