Norfolk Southern declares quarterly dividend

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) has announced a quarterly dividend of 94 cents per share, payable on December 10 to shareholders of record on November 6. This marks the 153rd consecutive quarter of dividend payments since the company's inception in 1982. As a leading transportation company, Norfolk Southern operates approximately 19,500 route miles across 22 states and the District of Columbia, serving key industrial sectors and facilitating efficient intermodal connections.

Positive

• Quarterly dividend of 94 cents per share supports shareholder income.
• 153 consecutive quarters of dividend payments indicates strong financial stability.

Negative

• None.

NORFOLK, Va., Oct. 27, 2020 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable Dec. 10 to shareholders of record on Nov. 6.

Norfolk Southern has declared a dividend on its common stock for 153 consecutive quarters since its formation in 1982.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.

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SOURCE Norfolk Southern Corporation

FAQ

What is the dividend amount for Norfolk Southern (NSC) in 2020?

Norfolk Southern announced a dividend of 94 cents per share.

When is the dividend for Norfolk Southern (NSC) payable?

The dividend is payable on December 10, 2020.

What is the record date for Norfolk Southern's (NSC) dividend?

The record date for the dividend is November 6, 2020.

How long has Norfolk Southern (NSC) been paying dividends?

Norfolk Southern has paid dividends for 153 consecutive quarters since 1982.