CSX Corp. (CSX) Raises Quarterly Dividend 10% to $0.22, 1.7% Yield; Boosts Share Repurchase Program to $5B

CSX Corp. (NASDAQ: CSX) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 10% increase from the prior dividend of $0.20.

The dividend will be payable on March 15, 2018, to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018.

The annual yield on the dividend is 1.7 percent.

Share Repurchase

James M. Foote, CSX President and Chief Executive Officer: “The CSX Board of Directors has confidence in the quality of our franchise and our long-term prospects. The share repurchase program increase to $5 billion that the CSX board has authorized is a demonstration of this confidence.

“The CSX leadership team and I look forward to the upcoming investor conference in March where we will provide more detail on the company’s transformation and progress toward our 60 percent operating ratio target by 2020.”

Management expects to complete the $5 billion share repurchase program by the end of the first quarter of 2019.

For a dividend history and other dividend-related data on CSX Corp. (CSX) click here.

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• USCB Financial Holdings (USCB) Reports Q1, Announces 500K Share Buyback
• Parker-Hannifin (PH) Raises Quarterly Dividend 10.1% to $1.63; 1.2% Yield