CSX Corp. (CSX) Raises Quarterly Dividend 11.1% to $0.20; Announces $1B Stock Buyback
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CSX Corporation Announces Dividend Increase, New Share Repurchase Program and Full-Year Guidance
April 20, 2017 8:00 AM EDTJACKSONVILLE, Fla., April 20, 2017 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced an 11 percent increase in its quarterly dividend, a new $1 billion share repurchase program, and strong financial guidance as it applies the Precision Scheduled Railroading model to its operations.
Although we are just in the beginning phase of making changes to our network, we are off to a great start, said E. Hunter Harrison, president and chief executive officer. These changes are critical to driving strong, sustainable service for our customers and superior value for our shareholders.
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CSX Corporation Announces Dividend Increase, New Share Repurchase Program and Full-Year Guidance
April 20, 2017 8:00 AM EDTJACKSONVILLE, Fla., April 20, 2017 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced an 11 percent increase in its quarterly dividend, a new $1 billion share repurchase program, and strong financial guidance as it applies the Precision Scheduled Railroading model to its operations.
Although we are just in the beginning phase of making changes to our network, we are off to a great start, said E. Hunter Harrison, president and chief executive officer. These changes are critical to driving strong, sustainable service for our customers and superior value for our shareholders.
By... More
CSX Corporation Announces First Quarter Earnings
April 19, 2017 4:02 PM EDTJACKSONVILLE, Fla., April 19, 2017 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced first quarter 2017 net earnings of $362 million, or $0.39 per share, up from $356 million, or $0.37 per share, in the same period of last year. Excluding a $173 million restructuring charge in this years first quarter results, adjusted earnings per share was $0.51 as shown in the table below.
Reconciliation of GAAP to Non-GAAP MeasuresFor the Quarter... More