GATX Corp As of May 26, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
GATX $2.20 5.8% 4.0% 4.2%
Business yield Hike yrs 5 yr CAGR freq. paid since
Railcar Leasing 1.8% 13 4.6% Quarter 1919
GATX hikes dividend by 4.3%

GATX Corporation (GATX) will raise its quarterly dividend by 4.3 percent to $0.48 per share in the first quarter of 2020. This marks the company's 10th consecutive year of annual dividend increases and follows a similar 2 cent hike to 46 cents last year.

The next dividend is payable March 31, 2020, to shareholders of record on February 28, 2020 and the new annualized rate of $1.92 per share yields 2.5% at a stock price of $76.13.

In today's press release Brian A. Kenney, president and chief executive officer of GATX stated, “2020 marks our 102nd consecutive year of paying a dividend, a track record that few companies can match.  This dividend increase reflects the board’s confidence in GATX’s long-term outlook and demonstrates the Company’s continued commitment to return capital to our shareholders.”

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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Jun 01 PEP 2.8% 10.0%
Jun 01 WY 2.7% 5.6%
Jun 01 BBWI 2.2% 0.0%
Jun 01 D 5.4% 0.0%
Jun 01 LHX 2.6% 1.8%
Jun 01 LIN 1.4% 9.0%
Jun 01 GM 1.1% 0.0%
Jun 01 TAP 2.7% 7.9%
Jun 01 BAX 2.8% 0.0%
Jun 01 TT 1.8% 11.9%