GATX Raises Quarterly Dividend by 8.2%, Sets New $300 Million Buyback

Dow Jones
Yesterday
 

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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