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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.