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Stock impact report

GATX Rewards Shareholders With Dividend Increase of 5.5% [Yahoo! Finance]

GATX Corporation (GATX) 
Last gatx corporation earnings: 1/23 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
GATX's board of directors has announced a dividend hike of almost 5.5%, thereby raising its quarterly cash dividend from 55 cents per share to 58 cents. The raised dividend will be paid out on Mar 31, 2024, to all its shareholders of record as of Mar 1, 2024. The move reflects GATX's intention to utilize free cash to enhance its shareholders' returns. GATX, which has been paying regular dividends since 1919, holds an impressive record with respect to dividends. Notably, 2024 marks the 106th consecutive year of GATX paying out dividends. GATX Corporation Dividend Yield (TTM) GATX Corporation dividend-yield-ttm | GATX Corporation Quote Robert C. Lyons, president and chief executive officer of GATX, stated, "In the past decade alone, GATX has invested $9.7 billion in our business while also returning over $1.5 billion to shareholders through dividends and share repurchases. This dividend increase reflects the board's positive view of GATX's long-term outlook, the strength and qua Show less Read more
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