GATX Corporation Announces Quarterly Dividend

Rhea-AI Summary

On July 31, 2020, GATX Corporation declared a quarterly dividend of $0.48 per common share, set for payment on September 30, 2020, to shareholders on record as of September 15, 2020. This dividend remains unchanged from the previous quarter, reflecting the company's stable payout policy. GATX, headquartered in Chicago since 1898, is committed to being a top railcar leasing provider, serving clients with quality services for over 121 years.

Positive

• Quarterly dividend of $0.48 per share is stable, indicating reliable income for shareholders.
• The company has a long-standing history of over 121 years in railcar leasing, showcasing industry expertise.

Negative

• None.

CHICAGO, July 31, 2020 (GLOBE NEWSWIRE) -- The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.48 per common share, payable Sept. 30, 2020, to shareholders of record on Sept. 15, 2020. This quarterly dividend is unchanged from the prior quarter. 

COMPANY DESCRIPTION
GATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for over 121 years. GATX has been headquartered in Chicago, Illinois since its founding in 1898. For more information, please visit the Company's website at www.gatx.com.

FOR FURTHER INFORMATION CONTACT:
GATX Corporation
Shari Hellerman
Director, Investor Relations
GATX Corporation
312-621-4285
shari.hellerman@gatx.com

Investor, corporate, financial, historical financial, and news release information may be found at www.gatx.com.

FAQ

What is the GATX dividend amount for September 2020?

The GATX dividend amount for September 2020 is $0.48 per common share.

When will GATX pay its dividend?

GATX will pay its dividend on September 30, 2020.

What is the record date for the GATX dividend?

The record date for the GATX dividend is September 15, 2020.

How often does GATX pay dividends?

GATX typically pays dividends quarterly.

Is the GATX dividend sustainable?

The stability of the dividend suggests a commitment to maintaining shareholder returns, but further financial analysis is recommended for sustainability.