Greenbrier Cos (GBX) will raise its quarterly dividend to $0.23 per share. The new dividend will be paid on December 6, 2017 to shareholders of record on November 15, 2017. The new dividend yield for the company is 1.8%.

In the company's press release William A. Furman, Chairman and CEO of Greenbrier, said, "Financially, we ended the year with a strong balance sheet and liquidity.  The Board of Directors increased the quarterly dividend by 4.5% to $0.23 per share or an annualized rate of $0.92.  We extended share repurchase authorization through March 2019, and improved the capital efficiency of Greenbrier through a newly formed lease warehouse facility. Greenbrier's approach to capital deployment will continue to balance investing in internal projects, funding strategic growth, and returning capital to shareholders."

Greenbrier Companies Inc, headquartered in Lake Oswego, Oregon, is a supplier of equipment and services to global freight transportation markets. Greenbrier designs, builds and markets freight railcars and marine barges in North America. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland, Romania and Turkey that serves customers across Europe and in the nations of the Gulf Cooperation Council. Greenbrier builds freight railcars and rail castings in Brazil through two separate strategic partnerships. The company is a provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in North America through its wheels, repair & parts business unit.  Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and related transportation industries in North America. The company produces industrial and rail castings, tank heads and other components. Greenbrier owns a lease fleet of railcars and performs management services for railcars.