By Colin Kellaher
GATX's board has raised the railcar lessor's quarterly dividend by 5.2%, to 61 cents from 58 cents.
The new payout, equal to $2.44 a year, represents an annual yield of about 1.47% based on Friday's midday price of $166.27, up from 1.4%.
The Chicago company said the increased dividend is payable March 31 to shareholders of record Feb. 28.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 31, 2025 11:31 ET (16:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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