Here's Why You Should Pick GATX For Your Portfolio Right Now
Zacks Investment Research | Jun 02, 2019 10:05PM ET
GATX Corporation (NYSE:GATX) boasts an impressive divided payment history. The company has been paying dividends consistently since 1919. Notably, this January, it raised its quarterly dividend by 4.5% to 46 cents per share. The company is also active on the buyback front. Alongside the dividend hike this January, GATX’s board cleared a new share repurchase authorization of $300 million, replacing the previous one.
The company’s fleet expansion initiatives are also encouraging. In this regard, it is worth noting that it inked a deal with ECN Capital Corporation last November to buy up to 3,100 railcars from the latter. GATX will shell out up to $229 million for the deal, which primarily includes freight cars with an average age of seven years.
The company also flaunts an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the trailing four quarters, the average being of 16%.
GATX Corporation Price and Consensus
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.