Greenbrier Companies, Inc. (The) to Issue Quarterly Dividend of $0.34 (NYSE:GBX)

Greenbrier Companies, Inc. (The) (NYSE:GBX) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 16th will be given a dividend of 0.34 per share by the transportation company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 16th.

Greenbrier Companies has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Greenbrier Companies has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 35.8%.

Greenbrier Companies Price Performance

GBX stock traded down $1.93 during trading on Thursday, reaching $45.95. The company had a trading volume of 832,680 shares, compared to its average volume of 447,902. The company has a market cap of $1.42 billion, a P/E ratio of 9.89 and a beta of 1.43. Greenbrier Companies has a 52 week low of $38.23 and a 52 week high of $59.19. The business has a 50 day moving average of $48.65 and a 200 day moving average of $50.56.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.Greenbrier Companies’s quarterly revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Research analysts expect that Greenbrier Companies will post 3.2 earnings per share for the current year.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.