Greenbrier announces 7% increase to quarterly dividend
Rhea-AI Summary
Greenbrier (NYSE: GBX) has announced a 7% increase in its quarterly cash dividend to $0.32 per share, up from $0.30. The dividend will be payable on May 13, 2025, to stockholders of record as of April 22, 2025. This marks Greenbrier's 44th consecutive quarterly dividend, demonstrating the company's commitment to consistent shareholder returns.
CEO and President Lorie L. Tekorius emphasized that this increase reflects the strength of Greenbrier's long-term business and successful strategic plan implementation, highlighting the board's commitment to balanced capital allocation.
Positive
- 7% dividend increase from $0.30 to $0.32 per share
- 44 consecutive quarters of dividend payments showing consistent shareholder returns
- Strong long-term business performance indicated by dividend growth
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, GBX declined 3.16%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Greenbrier's Board of Directors remains committed to a balanced approach to capital allocation, including consistently returning capital to shareholders," said Lorie L. Tekorius, CEO and President. "This dividend increase reflects the strength of Greenbrier's long-term business and the success of our strategic plan."
About Greenbrier
Greenbrier, headquartered in
Forward-Looking Statements
This press release contains forward-looking statements, including statements that are not purely statements of historical fact. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following: an economic downturn and economic uncertainty; changes to tariffs or import duties, including retaliatory tariffs; changes in macroeconomic policies; inflation (including rising energy prices, interest rates, wages and other escalators) and policy reactions thereto (including actions by central banks); disruptions in the supply of materials and components used in the production of our products; labor disputes; loss of market share to other modes of freight shipment; and the war in
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SOURCE The Greenbrier Companies, Inc.