The Greenbrier Companies, Inc. (NYSE:GBX) Announces Quarterly Dividend of $0.30

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Friday, October 18th, RTT News reports. Investors of record on Wednesday, November 6th will be paid a dividend of 0.30 per share by the transportation company on Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%.

Greenbrier Companies has increased its dividend by an average of 1.8% per year over the last three years. Greenbrier Companies has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $4.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Greenbrier Companies Price Performance

Shares of GBX opened at $52.62 on Friday. The firm’s 50-day simple moving average is $48.47 and its two-hundred day simple moving average is $49.85. Greenbrier Companies has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. The stock has a market cap of $1.64 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.

Insiders Place Their Bets

In other news, SVP Laurie R. Dornan sold 5,935 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now owns 23,226 shares in the company, valued at $1,182,667.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.