By Colin Kellaher
GATX's board has raised the railcar lessor's quarterly dividend by 8.2%, to 66 cents from 61 cents, and approved a new $300 million share-repurchase authorization
The new quarterly payout, equal to $2.64 a year, represents an annual yield of about 1.39% based on Wednesday's closing price of $190.27, up from 1.28%.
The Chicago company on Thursday said the increased dividend is payable March 31 to shareholders of record March 2.
GATX, which sports a market capitalization topping $6.9 billion, said it has nearly exhausted the $300 million stock buyback approved in 2019.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 19, 2026 08:58 ET (13:58 GMT)
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