GATX Co. (GATX) to Issue Quarterly Dividend of $0.58 on September 30th

GATX Co. (NYSE:GATX) declared a quarterly dividend on Friday, July 26th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.58 per share by the transportation company on Monday, September 30th. This represents a $2.32 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, September 13th.

GATX has increased its dividend payment by an average of 4.6% per year over the last three years and has raised its dividend every year for the last 14 years. GATX has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

GATX Trading Down 0.1 %

NYSE:GATX opened at $132.18 on Wednesday. The company has a market capitalization of $4.71 billion, a PE ratio of 18.83 and a beta of 0.96. GATX has a 52-week low of $97.21 and a 52-week high of $151.33. The stock’s 50 day moving average price is $138.01 and its 200 day moving average price is $133.75. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). GATX had a return on equity of 10.61% and a net margin of 15.86%. The business had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $385.45 million. During the same quarter last year, the business posted $1.73 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, research analysts anticipate that GATX will post 7.5 EPS for the current year.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.