GATX Corporation (GATX) will raise its quarterly dividend by 4.8 percent to $0.44 per share in the first quarter of 2018. This follows a 4.8 percent dividend hike last year.

The new dividend yield for GATX is 2.4%. The company has paid quarterly dividends without interruption since 1919 and today's dividend hike marks the 8th consecutive year of dividend increases.

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.