GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries. The company also offers services, including the interior cleaning of railcars, routine maintenance and repair of car body and safety appliances, regulatory compliance works, wheelset replacements, interior blast and lining operations, exterior blast and painting, and car stenciling. In addition, it leases aircraft spare engines, directly-owned aircraft spare engines, and five liquefied gas-carrying vessels, as well as manages portfolios of assets for third parties. The company owns a fleet of approximately 147,000 railcars; 539 four-axle and 29 six-axle locomotives; and 5 vessels. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.
GATX Dividend Announcement
• GATX announced a quarterly dividend of $0.58 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• GATX annual dividend for 2024 was $2.32
• GATX annual dividend for 2023 was $2.20
• GATX's trailing twelve-month (TTM) dividend yield is 1.4%
• GATX's payout ratio for the trailing twelve months (TTM) is 30.62%
• GATX's dividend growth over the last five years (2018-2023) was 4.56% year
• GATX's dividend growth over the last ten years (2013-2023) was 5.90% year
GATX Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.58 | quarterly | 2024-12-31 |
2024-09-13 | $0.58 | quarterly | 2024-12-31 |
2024-06-14 | $0.58 | quarterly | 2024-06-30 |
2024-02-29 | $0.58 | quarterly | 2024-03-31 |
2023-12-14 | $0.55 | quarterly | 2023-12-31 |
2023-09-14 | $0.55 | quarterly | 2023-09-30 |
2023-06-14 | $0.55 | quarterly | 2023-06-30 |
2023-03-02 | $0.55 | quarterly | 2023-03-31 |
2022-12-14 | $0.52 | quarterly | 2022-12-31 |
2022-09-14 | $0.52 | quarterly | 2022-09-30 |
2022-06-14 | $0.52 | quarterly | 2022-06-30 |
2022-02-24 | $0.52 | quarterly | 2022-03-31 |
2021-12-14 | $0.50 | quarterly | 2021-12-31 |
2021-09-14 | $0.50 | quarterly | 2021-09-30 |
2021-06-14 | $0.50 | quarterly | 2021-06-30 |
2021-02-25 | $0.50 | quarterly | 2021-03-31 |
2020-12-14 | $0.48 | quarterly | 2020-12-31 |
2020-09-14 | $0.48 | quarterly | 2020-09-30 |
2020-06-12 | $0.48 | quarterly | 2020-06-30 |
2020-02-27 | $0.48 | quarterly | 2020-03-31 |
2019-12-12 | $0.46 | quarterly | 2019-12-31 |
2019-09-12 | $0.46 | quarterly | 2019-09-30 |
2019-06-13 | $0.46 | quarterly | 2019-06-30 |
2019-03-01 | $0.46 | quarterly | 2019-03-31 |
2018-12-13 | $0.44 | quarterly | 2018-12-31 |
2018-09-13 | $0.44 | quarterly | 2018-09-30 |
2018-06-14 | $0.44 | quarterly | 2018-06-30 |
2018-03-02 | $0.44 | quarterly | 2018-03-31 |
2017-12-14 | $0.42 | quarterly | 2017-12-31 |
2017-09-14 | $0.42 | quarterly | 2017-09-30 |
2017-06-13 | $0.42 | quarterly | 2017-06-30 |
2017-03-08 | $0.42 | quarterly | 2017-03-31 |
2016-12-13 | $0.40 | quarterly | 2016-12-31 |
2016-09-13 | $0.40 | quarterly | 2016-09-30 |
2016-06-13 | $0.40 | quarterly | 2016-06-30 |
2016-02-24 | $0.40 | quarterly | 2016-03-31 |
2015-12-11 | $0.38 | quarterly | 2015-12-31 |
2015-09-11 | $0.38 | quarterly | 2015-09-30 |
2015-06-11 | $0.38 | quarterly | 2015-06-30 |
2015-02-25 | $0.38 | quarterly | 2015-03-31 |
2014-12-11 | $0.33 | quarterly | 2014-12-31 |
2014-09-11 | $0.33 | quarterly | 2014-09-30 |
2014-06-11 | $0.33 | quarterly | 2014-06-30 |
2014-02-26 | $0.33 | quarterly | 2014-03-31 |
2013-12-11 | $0.31 | quarterly | 2013-12-31 |
2013-09-11 | $0.31 | quarterly | 2013-09-30 |
2013-06-12 | $0.31 | quarterly | 2013-06-30 |
2013-02-27 | $0.31 | quarterly | 2013-03-31 |
GATX Dividend per year
GATX Dividend growth
GATX Dividend Yield
GATX current trailing twelve-month (TTM) dividend yield is 1.4%. Interested in purchasing GATX stock? Use our calculator to estimate your expected dividend yield:
GATX Financial Ratios
GATX Dividend FAQ
Other factors to consider when evaluating GATX as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: GATX's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, GATX publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, GATX distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from GATX are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: GATX sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, GATX distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: GATX declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of GATX's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review GATX's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.