Norfolk Southern (NYSE: NSC) declared a quarterly dividend of $0.99 per share, or $3.96 annualized. This is a 5.3% increase from the prior dividend of $0.94.

The dividend will be payable on March 10, 2021, to stockholders of record on February 5, 2021, with an ex-dividend date of February 4, 2021.

The annual yield on the dividend is 1.7 percent.

"Strong operational results achieved through our precision scheduled railroading transformation have underpinned robust cash flow generation," said James A. Squires, Norfolk Southern chairman, president and CEO. "Today's announcements highlight our confidence in long-term value creation and commitment to superior shareholder returns."

For a dividend history and other dividend-related data on Norfolk Southern (NSC) click here.