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GATX (GATX) 3-Year Dividend Growth Rate

: 4.60% (As of Dec. 2023)
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GATX's Dividends per Share for the three months ended in Dec. 2023 was $0.55.

The historical rank and industry rank for GATX's 3-Year Dividend Growth Rate or its related term are showing as below:

GATX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -14.5   Med: 6.35   Max: 30.4
Current: 4.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of GATX was 30.40% per year. The lowest was -14.50% per year. And the median was 6.35% per year.

GATX's 3-Year Dividend Growth Rate is ranked worse than
69.23% of 351 companies
in the Business Services industry
Industry Median: 10.4 vs GATX: 4.60

During the past 12 months, GATX's average Dividends Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

GATX's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.32. As of today, GATX's Dividend Yield % is 1.76%.

Warning Sign:

GATX Corp stock dividend yield is close to 10-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Rental & Leasing Services subindustry, GATX's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GATX 3-Year Dividend Growth Rate Distribution

For the Business Services industry and Industrials sector, GATX's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where GATX's 3-Year Dividend Growth Rate falls into.



GATX 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


GATX  (NYSE:GATX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

GATX's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.55/ 1.74
=0.32

During the past 13 years, the highest Dividend Payout Ratio of GATX was 0.42. The lowest was 0.28. And the median was 0.35.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

GATX Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5802024-02-292024-03-012024-03-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.5502023-12-142023-12-152023-12-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.5502023-09-142023-09-152023-09-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.5502023-06-142023-06-152023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

GATX's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.23/126.12
=1.77 %

Current Share Price is $126.12.
GATX's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.23.

During the past 13 years, the highest Dividend Yield of GATX was 4.18%. The lowest was 1.59%. And the median was 2.31%.

Warning Sign:

GATX Corp stock dividend yield is close to 10-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GATX 3-Year Dividend Growth Rate Related Terms>


GATX (GATX) Business Description

Industry
Traded in Other Exchanges
Address
233 South Wacker Drive, Chicago, IL, USA, 60606-7147
GATX Corp is a provider of railcar leasing and maintenance services. GATX operates four business segments: rail North America, rail international, and portfolio management. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served to include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.
Executives
John Sbragia officer: SVP, Engineering and Quality 233 S. WACKER DR., CHICAGO IL 60606
Kevin Hillesland officer: SVP, Structured Finance 233 S. WACKER DR., CHICAGO IL 60606
Geoffrey Phillips officer: Sr. VP, Operations 233 S. WACKER DR., CHICAGO IL 60606
Shelley J Bausch director 15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSTON TX 77032
Aken Jennifer Van officer: SVP, Treas. & Chief Risk Off. GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Jennifer Mcmanus officer: Sr. VP & Controller C/O GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Paul F Titterton officer: VP & Chief Commercial Officer 222 W. ADAMS ST., CHICAGO IL 60606
Robert C Lyons officer: VP - Investor Relations 500 WEST MONROE ST, CHICAGO IL 60661
Jeffery R. Young officer: Vice President, Tax 222 W. ADAMS ST., CHICAGO IL 60606
Thomas A. Ellman officer: EVP & Pres., Rail N. America 222 W. ADAMS ST., CHICAGO IL 60606
Brian L Glassberg officer: EVP, General Counsel & Secy. GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Deborah A Golden officer: Sr. VP, Gen. Couns. & Sec'y 500 WEST MONROE STREET, CHICAGO IL 60661
Brian A Kenney director, officer: Chairman, President and CEO GATX CORP, 500 WEST MONROE STREET, CHICAGO IL 60661
Necati Gokce Tezel officer: Sr. VP and Pres., Rail Intl. 222 W. ADAMS ST., CHICAGO IL 60606
Robert Zmudka officer: Sr. VP & Chief Comm. Off. 222 W. ADAMS ST., CHICAGO IL 60606