GlobeNewswire Inc | Jan 29, 2021 02:13PM EST

January 29, 2021

CHICAGO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.50 per common share, payable March 31, 2021, to shareholders of record on Feb. 26, 2021. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 4.2% increase from the prior years dividend.

2021 marks our 103rd consecutive year of paying a dividend, a track record that few companies can match, said Brian A. Kenney, president and chief executive officer of GATX. Over the past decade, GATX has invested approximately $8.0 billion in our business and returned over $1.5 billion to our shareholders through dividends and share repurchase. Throughout the pandemic, we have continued to maintain a strong balance sheet and stable investment grade credit ratings. This dividend increase is reflective of the boards confidence in GATXs long-term outlook and demonstrates the Companys ongoing commitment to return capital to our shareholders.

COMPANY DESCRIPTIONGATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for over 122 years. GATX has been headquartered in Chicago, Illinois since its founding in 1898.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITEInvestors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the Investor Relations tab.

FORWARD LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as may, could, expect, intend, plan, seek, anticipate, believe, estimate, predict, potential, outlook, continue, likely, will, would, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.

The following factors, in addition to those discussed in our other filings with the SEC, including our Form 10-K for the year ended December 31, 2019 and subsequent reports on Form 10-Q, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

* events having an adverse impact on assets, customers, or regions where we have a concentrated investment exposure * the duration of the global * financial and operational risks COVID-19 pandemic, including associated with long-term purchase adverse impacts on our business, commitments for transportation personnel, operations, commercial assets activity, supply chain, the * reduced opportunities to generate demand for our transportation asset remarketing income assets, the value of our assets * inability to successfully and our liquidity consummate and manage ongoing * exposure to damages, fines, acquisition and divestiture criminal and civil penalties, and activities reputational harm arising from a * reliance on Rolls-Royce in negative outcome in litigation, connection with our aircraft spare including claims arising from an engine leasing businesses, and the accident involving our risks that certain factors that transportation assets adversely affect Rolls-Royce could * inability to maintain our have an adverse effect on those transportation assets on lease at businesses satisfactory rates due to * fluctuations in foreign exchange oversupply of assets in the market rates or other changes in supply and * failure to successfully negotiate demand collective bargaining agreements * a significant decline in customer with the unions representing a demand for our transportation substantial portion of our assets or services, including as a employees result of: * asset impairment charges we may be o weak macroeconomic conditions required to recognize o weak market conditions in our * deterioration of conditions in the customers' businesses capital markets, reductions in our o adverse changes in the price credit ratings, or increases in of, or demand for, commodities our financing costs o changes in railroad * changes in banks' inter-lending operations, efficiency, rate reporting practices and the pricing and service offerings, phasing out of LIBOR including those related to * competitive factors in our primary "precision scheduled markets, including competitors railroading" with significantly lower costs of o changes in supply chains capital o availability of pipelines, * risks related to our international trucks, and other alternative operations and expansion into new modes of transportation geographic markets, including o changes in conditions laws, regulations, tariffs, taxes, affecting the aviation treaties or trade barriers industry, including reduced affecting our activities in the demand for air travel, countries where we do business geographic exposure and * changes in, or failure to comply customer concentrations with, laws, rules and regulations o other operational or * inability to obtain cost-effective commercial needs or decisions insurance of our customers * environmental liabilities and o customers? desire to buy, remediation costs rather than lease, our * potential obsolescence of our transportation assets assets * higher costs associated with * inadequate allowances to cover increased assignments of our credit losses in our portfolio transportation assets following * operational, functional and non-renewal of leases, customer regulatory risks associated with defaults, and compliance severe weather events, climate maintenance programs or other change and natural disasters maintenance initiatives * inability to maintain and secure our information technology infrastructure from cybersecurity threats and related disruption of our business

FOR FURTHER INFORMATION CONTACT:GATX CorporationShari HellermanDirector, Investor Relations312-621-4285shari.hellerman@gatx.com