Norfolk Southern Declares Quarterly Dividend

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced a 9% increase in its quarterly dividend, raising it from $1.24 to $1.35 per share. The new dividend is payable on February 21, 2023, to shareholders who are on record as of February 3, 2023. This announcement marks 162 consecutive quarters of dividend payments since the company's formation in 1982, reflecting a strong commitment to returning value to shareholders. Norfolk Southern continues to play a vital role in the U.S. economy by moving goods efficiently and sustainably, significantly reducing carbon emissions.

Positive

• 9% increase in quarterly dividend from $1.24 to $1.35 per share.
• 162 consecutive quarters of dividend payments demonstrate strong financial health.

Negative

• None.

News Market Reaction

-5.05%

1 alert

-5.05% News Effect

On the day this news was published, NSC declined 5.05%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, Jan. 24, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that its Board of Directors approved a 9% increase on its quarterly dividend on the company's common stock, from $1.24 to $1.35 per share. 

The dividend is payable February 21, 2023, to shareholders of record on February 3, 2023.

The company has paid a dividend on its common stock for 162 consecutive quarters since its formation in 1982.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

 

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SOURCE Norfolk Southern Corporation

FAQ

What is the new dividend amount for Norfolk Southern (NSC)?

The new dividend amount is $1.35 per share.

When will the dividend for NSC be paid?

The dividend will be paid on February 21, 2023.

When is the record date for Norfolk Southern's dividend?

The record date for the dividend is February 3, 2023.

How long has Norfolk Southern been paying dividends?

Norfolk Southern has paid a dividend for 162 consecutive quarters since 1982.