GATX Corporation (GATX) To Go Ex-Dividend on June 15th

GATX Corporation (NYSE:GATX) announced a quarterly dividend on Friday, April 24th. Investors of record on Monday, June 15th will be paid a dividend of 0.66 per share by the transportation company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.

GATX has increased its dividend payment 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 payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings.

GATX Stock Up 1.3%

Shares of GATX traded up $2.17 on Friday, hitting $174.39. 163,670 shares of the stock traded hands, compared to its average volume of 210,820. The company has a market capitalization of $6.19 billion, a PE ratio of 18.71 and a beta of 1.17. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. The business has a 50 day simple moving average of $182.22 and a 200 day simple moving average of $178.22. GATX has a one year low of $148.20 and a one year high of $205.56.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. The business had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $599.76 million. GATX had a net margin of 17.88% and a return on equity of 10.31%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, equities analysts forecast that GATX will post 9.8 earnings per share for the current fiscal year.

GATX Company Profile

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.