GATX Corporation (GATX) will raise its quarterly dividend by 5.3 percent to $0.40 per share. This follows a 15.2 percent dividend increase by the railcar leasing company last year.

GATX Corporation is a railcar leasing company with fleets in North America, Europe and Asia. In addition GATX operates a fleet of US-flagged vessels on the Great Lakes and owns and manages other assets. The company operates through four business segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (“ASC”). GATX, headquartered in Chicago, Illinois, since its founding in 1898, has paid quarterly dividends without interruption since 1919.