GATX Co. (NYSE:GATX) Announces $0.46 Quarterly Dividend

GATX Co. (NYSE:GATX) announced a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.46 per share by the transportation company on Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, September 12th.

GATX has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect GATX to earn $5.18 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 35.5%.

NYSE:GATX traded up $0.26 during trading hours on Tuesday, hitting $78.01. The company’s stock had a trading volume of 4,995 shares, compared to its average volume of 197,736. GATX has a 52-week low of $67.46 and a 52-week high of $89.94. The company has a debt-to-equity ratio of 2.90, a quick ratio of 3.10 and a current ratio of 3.10. The business’s 50-day moving average is $74.94 and its two-hundred day moving average is $75.87. The company has a market capitalization of $2.69 billion, a PE ratio of 14.93, a PEG ratio of 0.98 and a beta of 1.50.

GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 18th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.46. The firm had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $355.00 million. GATX had a return on equity of 10.21% and a net margin of 14.88%. GATX’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. As a group, analysts predict that GATX will post 5.11 EPS for the current fiscal year.

In related news, EVP Robert C. Lyons sold 3,895 shares of GATX stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $74.00, for a total transaction of $288,230.00. Following the transaction, the executive vice president now owns 66,663 shares in the company, valued at approximately $4,933,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James M. Conniff sold 1,240 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $75.15, for a total transaction of $93,186.00. Following the sale, the vice president now directly owns 6,800 shares of the company’s stock, valued at $511,020. The disclosure for this sale can be found here. Insiders sold 13,075 shares of company stock worth $996,108 in the last quarter. 3.72% of the stock is owned by insiders.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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Dividend History for GATX (NYSE:GATX)

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