GATX Stock To Go Ex-dividend Tomorrow (GMT)

NEW YORK ( TheStreet) -- The ex-dividend date for GATX (NYSE: GMT) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $38.46 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for GATX has been 346,600 shares per day over the past 30 days. GATX has a market cap of $1.81 billion and is part of the services sector and diversified services industry. Shares are down 14.7% year to date as of the close of trading on Monday.

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets. The company operates in three segments: Rail, American Steamship Company (ASC), and Portfolio Management. The company has a P/E ratio of 15.1, equal to the average diversified services industry P/E ratio and below 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and expanding profit margins. 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.

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