5 Best Railroad Stocks that Pay Dividends

3. The Greenbrier Companies, Inc. (NYSE:GBX)

Dividend Yield as of August 18: 3.34%

The Greenbrier Companies, Inc. (NYSE:GBX) is an American rail transport company that mainly specializes in transportation services. 11 hedge funds in Insider Monkey’s database owned stakes in the company in Q2 2022, down from 16 in the previous quarter. These stakes have a total value of nearly $30 million.

In fiscal Q3 2022, The Greenbrier Companies, Inc. (NYSE:GBX)’s revenue showed a 76.3% year-over-year growth at $793.5 million. Its new railcar backlog reached its highest value in six years at $3.6 billion and recorded a lease fleet utilization of 98%. The company ended the quarter with $450 million in cash and cash equivalents.

On July 11, The Greenbrier Companies, Inc. (NYSE:GBX) declared a 33rd consecutive quarterly dividend of $0.27 per share. As of August 18, the stock’s dividend yield came in at 3.34%.