GATX announces quarterly dividend increase to 58c per share

The board of directors of GATX Corporation declared a quarterly dividend of 58c per common share, payable Mar. 31, 2024, to shareholders of record on Mar. 3, 2024. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 5.5% increase from the prior year’s dividend. “2024 marks our 106th consecutive year of paying a dividend, a track record few companies can match,” said Robert C. Lyons, president and CEO of GATX. “In the past decade alone, GATX has invested $9.7B in our business while also returning over $1.5B 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 quality of our cash flows, and the company’s ongoing commitment to shareholders.”