Norfolk Southern Lifts Dividend

Norfolk Southern (NYSE: NSC  ) investors will soon receive a few more cents in shareholder payouts. The company has declared its latest common stock dividend, which is to be $0.52 per share paid on Sept. 10 to shareholders of record as of Aug. 2. That amount is $0.02, or 4%, higher than each of Norfolk Southern's previous four distributions of $0.50 apiece, the most recent of which was dispensed in June.

In the press release announcing the news, the company pointed out that it has paid a common stock distribution for 124 quarters in a row.

The new dividend annualizes to $2.08 per share. That yields 2.7% at Norfolk Southern's most recent closing stock price of $76.87.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2553102, ~/Articles/ArticleHandler.aspx, 8/21/2014 3:07:25 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement