On June 29, 2023, Greenbrier Cos (GBX) announced a dividend hike of 11.1% to $0.30 quarterly per share. This is the first dividend hike by the rail company since 2020. A new annualized dividend rate of $1.20 per share yields 2.78% at a stock price of $43.10.

The next GBX dividend is payable on August 8, 2023 to shareholders of record as of July 18, 2023.

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.