Greenbrier Cos. (NYSE: GBX) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on February 11, 2015, to stockholders of record on January 21, 2015, with an ex-dividend date of January 16, 2015.

The annual yield on the dividend is 1.2 percent.

The company's Board authorizes $25 million increase in current share repurchase program bringing cumulative repurchase authorization to $125 million, since authorizations were first announced on October 31, 2013. Cumulative repurchases since October 31, 2013 aggregate 1,551,701 shares at a cost of $77.5 million, or an average price of $49.96 per share.

For a dividend history and other dividend-related data on Greenbrier Cos. (GBX) click here.