Greenbrier Raises Quarterly Dividend 6% to $0.34, Marks 48th Consecutive Payment
The Greenbrier Companies, a leading supplier of railcar equipment and services, increased its quarterly dividend to $0.34 per share, up from $0.32. The dividend will be paid May 11 to shareholders of record as of April 20.
The Greenbrier Companies, Inc. (NYSE: GBX), a leading international supplier of equipment and services to global freight transportation markets, raised its quarterly cash dividend by 6% to $0.34 per share, the company announced April 7. The new rate represents an increase from the previous $0.32 per share. Read more dividend announcements.
The dividend marks Greenbrier's 48th consecutive quarterly payment to shareholders, underscoring the company's commitment to returning capital despite what CEO Lorie L. Tekorius described as a "low-volume environment" in the railcar manufacturing sector.
| Dividend Details | Information |
|---|---|
| Amount | $0.34 per share |
| Previous Amount | $0.32 per share |
| Increase | 6% |
| Record Date | April 20, 2026 |
| Payment Date | May 11, 2026 |
| Frequency | Quarterly |
Strong Cash Generation Supports Increase
The dividend increase comes as Greenbrier reported operating cash flow of $159 million for its second fiscal quarter ended February 28, 2026. The company maintained fleet utilization at 98% and generated net earnings attributable to Greenbrier of $15 million, or $0.47 per diluted share, for the quarter.
"The increase in our quarterly dividend reflects the Board's confidence in the strength of our business model, cash generation and long-term outlook," Tekorius said. "The higher dividend underscores the durability of Greenbrier's earnings, supported by an enhanced operating platform, strong liquidity, and a continued focus on sustained shareholder value."
Second Quarter Operations
During the second quarter, Greenbrier secured new railcar orders for 2,900 units valued at $390 million and delivered 3,800 units. The company's new railcar backlog stood at 15,200 units with an estimated value of $2.1 billion as of February 28, 2026.
Revenue for the quarter totaled approximately $610 million, with EBITDA of $61 million representing 10% of revenue. The company strengthened its liquidity and balance sheet position during the period, according to management.
Greenbrier updated its fiscal 2026 guidance to reflect a more gradual production ramp-up resulting from a shift of deliveries into early fiscal 2027, driven by order timing and customer commitments.