Greenbrier Companies, Inc. (The) (GBX) To Go Ex-Dividend on July 16th

Greenbrier Companies, Inc. (The) (NYSE:GBX) announced a quarterly dividend on Thursday, June 25th. Stockholders of record on Thursday, July 16th will be given a dividend of 0.34 per share by the transportation company on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, July 16th.

Greenbrier Companies has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Greenbrier Companies has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $3.65 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 37.3%.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $48.17 on Tuesday. The company’s 50-day simple moving average is $48.42 and its 200-day simple moving average is $50.59. Greenbrier Companies has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The stock has a market capitalization of $1.49 billion, a P/E ratio of 14.29 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The business’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 earnings per share. On average, research analysts forecast that Greenbrier Companies will post 3.1 EPS for the current year.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.