(Source: Norfolk Southern press release, July 26, 2011)
NORFOLK, Va. – Norfolk Southern Corporation announced that its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 7.5 percent, or 3 cents per share, from 40 to 43 cents per share. The increased dividend is payable on Sept. 10, to stockholders of record on Aug. 5.
Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 116 consecutive quarters.