Greenbrier Companies, Inc. (The) (NYSE:GBX) Announces $0.34 Quarterly Dividend

Greenbrier Companies, Inc. (The) (NYSE:GBX) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 16th will be paid a dividend of 0.34 per share by the transportation company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, July 16th.

Greenbrier Companies has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Greenbrier Companies has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 35.8%.

Greenbrier Companies Stock Down 4.1%

Shares of GBX traded down $1.99 during midday trading on Thursday, reaching $45.90. 839,811 shares of the stock were exchanged, compared to its average volume of 448,027. The company has a market cap of $1.42 billion, a P/E ratio of 9.92 and a beta of 1.43. Greenbrier Companies has a twelve month low of $38.23 and a twelve month high of $59.19. The stock’s 50 day simple moving average is $48.65 and its 200 day simple moving average is $50.56.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The company had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s quarterly revenue was down 31.6% on a year-over-year basis. As a group, analysts predict that Greenbrier Companies will post 3.2 earnings per share for the current year.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.