CSX (NASDAQ:CSX) is keeping its speed level as it rumbles down the rails, at least as far as its dividend is concerned. The company has declared a fresh distribution of $0.15 per share of its common stock, to be dispensed on Sept. 13 to shareholders of record as of Aug. 30. That amount matches the company's previous payout, which was distributed last month. Before that, CSX paid $0.14 per share.
Since splitting its stock 3-for-1 at the end of May 2011, the company's distribution has ranged from $0.12 per share to the current level.
The just-declared dividend annualizes to $0.60 per share. That yields 2.5% at CSX's most recent closing stock price of $23.91.
Fool contributor Eric Volkman has no position in CSX. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.