Greenbrier Cos (GBX) will raise its quarterly dividend by 8.7 percent to $0.25 per share in the second quarter of 2018. This follows a total dividend hike of 9.5 percent in 2017.

The new dividend will be paid on May 16, 2018 to shareholders of record on April 25, 2018. The new dividend yield for the company is 2.1%.

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.