Norfolk Southern declares quarterly dividend and accelerates payment date
Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of 99 cents per share, payable on May 20 to shareholders of record on May 7.
Sentiment and the balance of points
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Rhea-AI Summary
Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of 99 cents per share, payable on May 20 to shareholders of record on May 7. This quarter marks a reduction in the time between the record date and the payment date, enhancing liquidity for shareholders. Norfolk Southern has maintained a consistent dividend payout for 155 consecutive quarters since its inception in 1982, reflecting its commitment to returning value to shareholders.
Positive
- Quarterly dividend of 99 cents per share enhances shareholder returns.
- Accelerated payment date improves liquidity for shareholders.
- Consistency in dividend payments for 155 consecutive quarters reflects company stability and strength.
Negative
- None.
Details
News Market Reaction – NSC
The recorded move for NSC in the trading session of this news was +0.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NORFOLK, Va., April 27, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of 99 cents per share on its common stock. The dividend is payable May 20 to shareholders of record on May 7. Norfolk Southern is reducing the days between shareholder of record date and payable date beginning this quarter, effectively accelerating payments to shareholders.
Norfolk Southern has paid a dividend on its common stock for 155 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 19,300 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 agriculture, forest and consumer products, chemicals, 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.
Forward-looking statements
This news release contains forward-looking statements that may be identified by the use of words like "believe," "expect," "anticipate," "estimate," "plan," "consider," "project," and similar references to the future. Forward-looking statements reflect our good-faith evaluation of information currently available. These forward-looking statements are subject to a number of risks and uncertainties, and our actual results may differ materially from those projected. Please refer to our annual and quarterly reports filed with the SEC for a full discussion of those risks and uncertainties we view as most important. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. We undertake no obligation to update or revise forward-looking statements.
http://www.norfolksouthern.com
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SOURCE Norfolk Southern Corporation
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