5 Best Railroad Stocks that Pay Dividends

In this article, we discuss 5 best railroad stocks that pay dividends. If you want to read our detailed analysis of railroad dividend stocks, go directly to read 10 Best Railroad Stocks that Pay Dividends. 

5. GATX Corporation (NYSE:GATX)

Dividend Yield as of August 18: 2.02%

GATX Corporation (NYSE:GATX) is a global leader in railcar leasing that owns fleets in North America, Europe, and Asia. The company also owns one of the largest aircraft spare engine lease portfolios. In Q2 2022, the company reported an investment volume of over $314.1 million and its net income came in at over $2.6 million. Its revenue for the quarter stood at over $312.7 million.

GATX Corporation (NYSE:GATX) has been making uninterrupted dividend payments since 1919. In the past decade, the company remained committed to shareholder returns, paying over $1.5 billion through dividends and share repurchases. It offers a quarterly dividend of $0.52 per share, with a dividend yield of 2.02%, as of August 18.

Highlighting the company’s pricing power, Susquehanna maintained its Positive rating on GATX Corporation (NYSE:GATX) in August.

At the end of Q2 2022, 17 hedge funds tracked by Insider Monkey owned stakes in GATX Corporation (NYSE:GATX), up from 14 in the previous quarter. These stakes hold a collective value of over $193.3 million. With 1.6 million shares, GAMCO Investors was the company’s leading stakeholder in Q2.