GATX Co. Plans Quarterly Dividend of $0.46 (NYSE:GATX)

GATX Co. (NYSE:GATX) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.46 per share by the transportation company on Sunday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 13th.

GATX has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect GATX to earn $5.18 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 35.5%.

Shares of NYSE:GATX opened at $75.32 on Wednesday. GATX has a 52 week low of $67.46 and a 52 week high of $91.12. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.48. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.87 and a quick ratio of 2.87.

GATX (NYSE:GATX) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). GATX had a return on equity of 9.10% and a net margin of 12.86%. The business had revenue of $317.00 million during the quarter, compared to analysts’ expectations of $307.14 million. During the same period in the previous year, the business earned $1.98 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts expect that GATX will post 5.03 EPS for the current fiscal year.

A number of brokerages have commented on GATX. Zacks Investment Research cut shares of GATX from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Mizuho set a $87.00 price objective on shares of GATX and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $82.00.

In related news, VP William M. Muckian sold 4,200 shares of GATX stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $75.13, for a total transaction of $315,546.00. Following the completion of the transaction, the vice president now directly owns 11,860 shares of the company’s stock, valued at approximately $891,041.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.72% of the stock is currently owned by insiders.

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GATX Company Profile

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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Dividend History for GATX (NYSE:GATX)

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