GATX Co. (NYSE:GATX) to Issue Dividend Increase - $0.61 Per Share

GATX Co. (NYSE:GATX - Get Free Report) declared a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.61 per share by the transportation company on Monday, March 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from GATX's previous quarterly dividend of $0.58.

GATX has increased its dividend by an average of 5.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. GATX has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings.

GATX Price Performance

GATX stock traded up $0.25 on Tuesday, reaching $165.33. The company's stock had a trading volume of 134,853 shares, compared to its average volume of 152,897. GATX has a twelve month low of $120.14 and a twelve month high of $168.29. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 21.28 and a beta of 0.99. The company has a debt-to-equity ratio of 3.37, a quick ratio of 3.41 and a current ratio of 2.77. The business's fifty day moving average price is $158.74 and its 200 day moving average price is $146.17.

GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter last year, the company posted $1.74 EPS. Equities analysts expect that GATX will post 8.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Susquehanna boosted their target price on GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Sidoti cut GATX from a "buy" rating to a "neutral" rating and set a $158.00 price objective for the company. in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group assumed coverage on shares of GATX in a research note on Monday, November 18th. They issued a "buy" rating and a $185.00 target price on the stock.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.