GATX Corporation (NYSE:GATX – Get Free Report) declared a quarterly dividend on Friday, July 31st. Investors 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) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th.
GATX has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. GATX has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings.
GATX Stock Up 0.7%
NYSE GATX traded up $1.27 on Friday, hitting $178.13. 185,846 shares of the company were exchanged, compared to its average volume of 169,911. The company has a market cap of $6.29 billion, a PE ratio of 17.64 and a beta of 1.17. GATX has a 12 month low of $150.42 and a 12 month high of $205.56. The stock has a fifty day moving average of $178.62 and a 200-day moving average of $179.12. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 3.44.
About GATX
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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