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NSC Norfolk Southern Corp

229.50
-1.86 (-0.80%)
Last Updated: 16:02:51
Delayed by 15 minutes
Share Name Share Symbol Market Type
Norfolk Southern Corp NYSE:NSC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.86 -0.80% 229.50 231.80 229.09 231.19 102,876 16:02:51

Norfolk Southern Raises Quarterly Dividend by 10 Cents to $1.09/Share

30/07/2021 9:33pm

Dow Jones News


Norfolk Southern (NYSE:NSC)
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From May 2021 to May 2024

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 By Maria Armental 
 

Norfolk Southern Corp. is raising its dividend to $1.09 a share, a 10-cent or 10% raise, citing a bullish outlook.

"This dividend increase demonstrates our confidence in Norfolk Southern's improved revenue and operating ratio outlooks, as well as our commitment to long-term sustained value for our shareholders," Chief Executive James A. Squires said in a statement.

The company reported earnings this week, including second-quarter records for net income and diluted per-share profit and quarterly records for operating ratio and income from railway operations.

The railroad operator said the new payout will be made on Aug. 20 to shareholders of record as of Aug. 9.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

July 30, 2021 16:18 ET (20:18 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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