GATX Announces Quarterly Dividend.CHICAGO -- The board of directors of GATX GATX General American Transportation Corporation Corporation (NYSE NYSE See: New York Stock Exchange :GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 ) today declared a quarterly dividend of $0.24 per common share, payable March 31, 2007, to shareholders of record on March 2, 2007. This quarterly dividend represents a 14% increase from the prior quarter level of $0.21 per common share. Brian A. Kenney, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GATX Corporation stated, "This 14% increase is unique and reflects our operating performance improving more rapidly than previously anticipated." The board also declared a quarterly dividend of $0.625 per share on the $2.50 preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , payable March 1, 2007, to shareholders of record on February 15, 2007, unchanged from the previous quarter. GATX has paid a quarterly dividend, uninterrupted, since 1919. COMPANY DESCRIPTION GATX Corporation (NYSE:GMT) provides lease financing and related services to customers operating rail, marine, and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, IL since its founding in 1898 and has traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. since 1916. For more information, visit the Company's website at www.gatx.com. Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com. |
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