The ex-dividend date for GATX (NYSE:GMT) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $43.77 as of 9:30 a.m., the dividend yield is 2.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for GATX (NYSE: GMT) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $43.77 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for GATX has been 317,000 shares per day over the past 30 days. GATX has a market cap of $2.01 billion and is part of the services sector and diversified services industry. Shares are up 0.4% year to date as of the close of trading on Monday. GATX Corporation leases, operates, and manages assets in the rail, marine, and industrial equipment markets. It operates in three segments: Rail, Specialty, and American Steamship Company (ASC). The company has a P/E ratio of 18.3, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates GATX as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full GATX Ratings Report. See our dividend calendar or top-yielding stocks list.