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GATX - GATX & Dividend Sustainability: Not A Pretty Picture
GATX Corporation
In my view, the dividend isn't particularly well covered, given the future contractual obligations, and the current and likely future sources of net cash.
In spite of this, the shares are trading near multi year highs, and investors are receiving near multi year low dividends. Paying more for less isn't a great strategy.
I did well on the puts I recommended selling before, and I offer some reasons why returns from selling puts are superior to returns from stock appreciation.