CSX Corp. (CSX) Raises Quarterly Dividend 10% to $0.22, 1.7% Yield; Boosts Share Repurchase Program to $5B
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CSX Corporation Announces Increase to Dividend and Share Repurchase Program
February 12, 2018 9:00 AM ESTJACKSONVILLE, Fla., Feb. 12, 2018 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced that the Companys Board of Directors has authorized a ten percent increase in its quarterly dividend along with an increase to the current share repurchase program to $5 billion.
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.
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