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CHICAGO - GATX Corporation (NYSE:GATX), a transportation asset leasing company with a market capitalization of $5.4 billion, announced Thursday that its board of directors has declared a quarterly dividend of $0.61 per common share, unchanged from the previous quarter. The dividend, representing a yield of 1.58%, will be payable on September 30, 2025, to shareholders of record as of September 15, 2025.
The transportation asset leasing company, which specializes in railcars, aircraft spare engines, and tank containers, has maintained an uninterrupted record of quarterly dividend payments since 1919. According to InvestingPro, GATX has raised its dividend for 14 consecutive years, with this latest declaration continuing its remarkable 106-year streak.
GATX, headquartered in Chicago since its founding in 1898, provides leasing services to customers worldwide for various transportation assets. The company focuses on transportation equipment leasing and related services.
The consistent dividend reflects the company’s stable financial position in the transportation leasing sector. GATX made the announcement in a press release statement issued Thursday.
In other recent news, GATX Corp has expanded its revolving credit facility to $632 million. This increase comes after M&T Bank joined the credit agreement, providing an additional $32 million commitment. The agreement includes Citibank, PNC Bank, and U.S. Bank as key financial institutions involved. Additionally, GATX and Brookfield Infrastructure Partners have announced a joint venture to acquire 105,000 railcars from Wells Fargo for $4.4 billion. GATX will initially hold a 30% equity share, with the option to increase ownership over time. This acquisition is anticipated to close by the first quarter of 2026, subject to regulatory approvals. In light of this development, Goldman Sachs has maintained its Buy rating on GATX, with a price target of $176.00. Meanwhile, GATX shareholders have approved the election of eight directors and executive pay at the recent annual meeting. These developments reflect significant strategic moves by GATX in the railcar market.
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