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

GATX Corporation (NYSE:GATX) declared a quarterly dividend on Friday, April 24th. Investors of record on Monday, June 15th will be paid a dividend of 0.66 per share by the transportation company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.

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

GATX Price Performance

Shares of GATX stock traded up $2.17 during midday trading on Friday, reaching $174.39. 163,670 shares of the company were exchanged, compared to its average volume of 210,820. The company’s 50 day moving average price is $182.22 and its two-hundred day moving average price is $178.22. The company has a market cap of $6.19 billion, a P/E ratio of 18.71 and a beta of 1.17. GATX has a 12 month low of $148.20 and a 12 month high of $205.56. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. GATX had a net margin of 17.88% and a return on equity of 10.31%. The company had revenue of $583.70 million during the quarter, compared to analyst estimates of $599.76 million. During the same period in the prior year, the business posted $2.15 EPS. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, sell-side analysts expect that GATX will post 9.8 earnings per share for the current year.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.