In a shareholder-friendly move, GATX Corporation (GATX) announced a hike in its dividend payout. GATX’s board of directors has announced a dividend hike of almost 5.5%, thereby raising its quarterly cash dividend from 55 cents per share to 58 cents. The raised dividend will be paid out on Mar 31, 2024, to all its shareholders of record as of Mar 1, 2024. The move reflects GATX’s intention to utilize free cash to enhance its shareholders’ returns. GATX, which has been paying regular dividends since 1919, hol ...