(The Associated Press circulated the following article on February 14.)
JACKSONVILLE, Fla. — Railroad operator CSX Corp. on Wednesday said it boosted its quarterly dividend by 20 percent to 12 cents.
The company will pay the dividend on March 15 to shareholders of record March 1.
Shares of CSX gained $2.63, or 6.7 percent, to $42.00 in afternoon trading on the New York Stock Exchange after hitting a 52-week high of $42.25 earlier in the session.