GATX Corporation (NYSE:GATX – Get Free Report) announced a quarterly dividend on Friday, July 31st. Investors of record on Tuesday, September 15th will be paid 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 yield of 1.5%. The ex-dividend date 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 every year for the last 15 years. GATX has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings.
GATX Trading Up 0.7%
GATX stock traded up $1.27 during midday trading on Friday, hitting $178.13. The stock had a trading volume of 185,846 shares, compared to its average volume of 169,911. The company’s 50-day moving average price is $178.62 and its 200 day moving average price is $179.12. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.90 and a quick ratio of 3.90. The firm 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.
GATX Company Profile
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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