(The Burlington Northern Santa Fe Corporation issued the following news release on July 21.)
FORT WORTH, Texas — Directors of Burlington Northern Santa Fe Corporation (NYSE: BNI – News) voted today, July 21, 2005, to increase BNSF’s next quarterly dividend by 18 percent, or 3 cents per share, to 20 cents per share on outstanding common stock. This represents an annualized 80 cents per share dividend.
The dividend of 20 cents per share on common stock will be paid October 3, 2005, to shareholders of record September 12, 2005. Common shares outstanding on June 30, 2005, totaled approximately 373 million.
The dividend increase follows the 13-percent increase and 25-percent increase approved by BNSF’s Board of Directors in July 2004 and July 2003, respectively.