Greenbrier declares quarterly dividend of $0.27 per share

Rhea-AI Summary

The Greenbrier Companies (NYSE: GBX) has declared a quarterly cash dividend of $0.27 per share, set to be paid on May 16, 2023. This dividend will benefit stockholders who are on record as of April 25, 2023. Greenbrier, based in Lake Oswego, Oregon, is a prominent international supplier of freight transportation equipment and services. The company is engaged in designing, manufacturing, and marketing freight railcars and marine barges across North America, Europe, and Brazil, managing a substantial fleet and providing comprehensive rail-related services.

Positive

• Declaration of a quarterly cash dividend of $0.27 per share, enhancing shareholder income.
• Dividends support investor confidence and may attract income-focused investors.

Negative

• None.

LAKE OSWEGO, Ore., April 4, 2023 /PRNewswire/ -- The Greenbrier Companies (NYSE: GBX) announced today a quarterly cash dividend of $0.27 per share, payable on May 16, 2023 to stockholders of record as of April 25, 2023.

About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars and marine barges in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America through our rail services business unit. Greenbrier manages 408,000 railcars and offers railcar management, regulatory compliance services and leasing services to railroads and other railcars owners in North America. GBX Leasing (GBXL) is a special purpose subsidiary that owns and manages a portfolio of leased railcars that originate primarily from Greenbrier's manufacturing operations. GBXL and Greenbrier own a lease fleet of 14,100 railcars.  Learn more about Greenbrier at www.gbrx.com.

Forward Looking Statements:  This press release contains forward-looking statements, including statements that are not purely statements of historical fact. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Information on factors that may cause our actual results to differ materially from the forward-looking statements include the risks, uncertainties and factors described in more detail in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed Annual Report on Form 10-K. Except as otherwise required by law, the Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof.

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SOURCE The Greenbrier Companies, Inc.

FAQ

What is the dividend amount declared by Greenbrier Companies?

Greenbrier Companies has declared a dividend of $0.27 per share.

When will the dividend for GBX be paid?

The dividend will be paid on May 16, 2023.

What is the record date for the Greenbrier dividend?

The record date for the dividend is April 25, 2023.

How often does Greenbrier pay dividends?

Greenbrier typically pays dividends on a quarterly basis.

What are the implications of the dividend announcement for GBX shareholders?

The dividend announcement indicates a commitment to returning value to shareholders, which could enhance investor confidence.