GATX Corporation Announces Quarterly Dividend Increase

Rhea-AI Summary

GATX (NYSE: GATX) has announced a quarterly dividend of $0.61 per common share, representing a 5.2% increase from the previous year. The dividend will be payable on March 31, 2025, to shareholders of record on February 28, 2025.

The company has maintained an uninterrupted streak of quarterly dividend payments since 1919, marking 2025 as its 107th consecutive year. Over the past decade, GATX has invested $10.3 billion in its business while returning $1.4 billion to shareholders through dividends and share repurchases, all while maintaining a strong balance sheet and investment grade credit ratings.

GATX, founded in 1898 and headquartered in Chicago, specializes in leasing transportation assets including railcars, aircraft spare engines, and tank containers to customers worldwide.

Positive

• 5.2% increase in quarterly dividend to $0.61 per share
• 107-year track record of consecutive dividend payments
• $10.3 billion business investment over past decade
• $1.4 billion returned to shareholders through dividends and buybacks
• Maintained strong balance sheet and investment grade credit ratings

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- The board of directors of GATX Corporation (NYSE: GATX) today declared a quarterly dividend of $0.61 per common share, payable Mar. 31, 2025, to shareholders of record on Feb. 28, 2025. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 5.2% increase from the prior year’s dividend.

“2025 marks our 107^th consecutive year of paying a dividend, a track record few companies can match,” said Robert C. Lyons, president and chief executive officer of GATX. “In the past decade alone, GATX has invested over $10.3 billion in our business while also returning over $1.4 billion to shareholders through dividends and share repurchases. We have done so while maintaining a strong balance sheet and solid investment grade credit ratings. 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 our shareholders.”

COMPANY DESCRIPTION

At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE

Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investors” tab.

FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

The following factors, in addition to those discussed in our other filings with the SEC, including our Form 10-K for the year ended December 31, 2023, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

a significant decline in customer demand for our transportation assets or services, including as a result of: prolonged inflation or deflation high interest rates weak macroeconomic conditions and world trade policies weak market conditions in our customers' businesses adverse changes in the price of, or demand for, commodities changes in railroad operations, efficiency, pricing and service offerings, including those related to "precision scheduled railroading" or labor strikes or shortages changes in, or disruptions to, supply chains availability of pipelines, trucks, and other alternative modes of transportation changes in conditions affecting the aviation industry, including global conflicts, geographic exposure and customer concentrations customers' desire to buy, rather than lease, our transportation assets other operational or commercial needs or decisions of our customers inability to maintain our transportation assets on lease at satisfactory rates and term length due to oversupply of assets in the market or other changes in supply and demand competitive factors in our primary markets, including existing or new competitors with significantly lower costs of capital higher costs associated with increased assignments of our transportation assets following non-renewal of leases, customer defaults, and compliance maintenance programs or other maintenance initiatives events having an adverse impact on assets, customers, or regions where we have a concentrated investment exposure financial and operational risks associated with long-term purchase commitments for transportation assets reduced opportunities to generate asset remarketing income inability to successfully consummate and manage ongoing acquisition and divestiture activities

reliance on Rolls-Royce in connection with our aircraft spare engine leasing businesses, and the risks that certain factors that adversely affect Rolls-Royce could have an adverse effect on our businesses potential obsolescence of our assets risks related to our international operations and expansion into new geographic markets, including laws, regulations, tariffs, taxes, treaties or trade barriers affecting our activities in the countries where we do business failure to successfully negotiate collective bargaining agreements with the unions representing a substantial portion of our employees inability to attract, retain, and motivate qualified personnel, including key management personnel inability to maintain and secure our information technology infrastructure from cybersecurity threats and related disruption of our business exposure to damages, fines, criminal and civil penalties, and reputational harm arising from a negative outcome in litigation, including claims arising from an accident involving transportation assets changes in, or failure to comply with, laws, rules, and regulations environmental liabilities and remediation costs operational, functional and regulatory risks associated with climate change, severe weather events and natural disasters U.S. and global political conditions and the impact of increased geopolitical tension and wars, including the ongoing war between Russia and Ukraine on domestic and global economic conditions in general, including supply chain challenges and disruptions prolonged inflation or deflation fluctuations in foreign exchange rates deterioration of conditions in the capital markets, reductions in our credit ratings, or increases in our financing costs inability to obtain cost-effective insurance changes in assumptions, increases in funding requirements or investment losses in our pension and post-retirement plans inadequate allowances to cover credit losses in our portfolio asset impairment charges we may be required to recognize inability to maintain effective internal control over financial reporting and disclosure controls and procedures the occurrence of a widespread health crisis and the impact of measures taken in response.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250131531602/en/

GATX Corporation

Shari Hellerman

Senior Director

Investor Relations, ESG, and External Communications

312-621-4285

shari.hellerman@gatx.com

Source: GATX Corporation

FAQ

What is GATX's new quarterly dividend amount for 2025?

GATX's new quarterly dividend is $0.61 per common share, representing a 5.2% increase from the previous year.

When will GATX's Q1 2025 dividend be paid?

The dividend will be paid on March 31, 2025, to shareholders of record as of February 28, 2025.

How long has GATX been paying consecutive quarterly dividends?

GATX has paid quarterly dividends without interruption since 1919, marking 2025 as its 107th consecutive year of dividend payments.

How much has GATX returned to shareholders in the past decade?

GATX has returned over $1.4 billion to shareholders through dividends and share repurchases in the past decade.

How much has GATX invested in its business over the last 10 years?

GATX has invested over $10.3 billion in its business operations over the past decade.