CSX Declares Quarterly Dividend of $0.14 per Share
CSX Corporation (NASDAQ: CSX) has declared a quarterly dividend of $0.14 per share, consistent with its previous payout. The dividend will be payable on December 15 to shareholders of record as of November 30, with an ex-dividend date also set for November 30. This results in a forward yield of approximately 1.18%. The announcement comes amid ongoing market discussions about CSX's performance and strategic direction. Analysts have noted volume growth translating into earnings improvements at the company, leading to recent upgrades from UBS. However, broader railroad sector sentiment has been tempered by elevated diesel prices, prompting UBS to lower its profit estimates for rail companies. Meanwhile, Union Pacific (UNP) and Norfolk Southern (NSC) are under pressure as state attorneys general raise concerns over a potential merger between the two firms.
Topics: dividends rail industry