Norfolk Southern Increases Quarterly Dividend by 15 Cents

Norfolk Southern Corporation (NYSE: NSC) announced a 14% increase in its quarterly dividend, raising it from $1.09 to $1.24 per share.

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced a 14% increase in its quarterly dividend, raising it from $1.09 to $1.24 per share. The dividend, reflecting the company’s confidence in its long-term growth, will be payable on February 21, 2022, to shareholders of record as of February 4, 2022. This marks the 158th consecutive quarter of dividend payments since the company’s inception in 1982. The accelerated payment schedule was initiated in Q2 2021, enhancing returns for shareholders.

Positive

• 14% increase in quarterly dividend to $1.24 per share.
• Confidence in long-term growth prospects.
• 158 consecutive quarters of dividend payments.

Negative

• None.

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ATLANTA, Jan. 25, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that its Board of Directors has approved a 14% increase in its quarterly dividend on the company's common stock, from $1.09 to $1.24 per share.

"This increase in the dividend payment represents our confidence in the strength of the company and its prospects for long-term growth. Since our founding 40 years ago, we have been committed to providing our shareholders with a solid return on their investment," said James A. Squires, Norfolk Southern chairman and CEO.

The company has paid a dividend on its common stock for 158 consecutive quarters since its formation in 1982.The dividend is payable February 21, 2022 to shareholders of record on February 4, 2022. Norfolk Southern reduced the days between shareholder of record date and payable date beginning in the second quarter of 2021, effectively accelerating payments to shareholders.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and cost-effective shipping solutions. The company's service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.

 

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SOURCE Norfolk Southern Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

The new dividend amount for Norfolk Southern is $1.24 per share.

When is the Norfolk Southern (NSC) dividend payable?

The Norfolk Southern dividend is payable on February 21, 2022.

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

The record date for the dividend is February 4, 2022.

How often does Norfolk Southern (NSC) pay dividends?

Norfolk Southern pays dividends quarterly.

How has Norfolk Southern's dividend changed recently?

Norfolk Southern increased its quarterly dividend by 14%, from $1.09 to $1.24 per share.