GATX hikes dividend by 5.8%

On January 27, 2023, GATX Corporation (GATX) declared a new quarterly dividend of $0.55 per share, up 5.8%. This new dividend yields 1.9% at a stock price of $113.77. The next ex-dividend date for GATX is March 2, 2023. In 2022 GATX hiked its dividend by 4%.

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.