(Source: Norfolk Southern press release, January 23, 2018)
NORFOLK, Va. — Norfolk Southern Corporation announced that its board of directors today approved an 18 percent increase in its quarterly dividend on the company’s common stock, from 61 to 72 cents per share.
“This dividend increase demonstrates the board’s confidence in Norfolk Southern’s ability to invest in our business and in technology to grow and provide service to our customers, while returning capital to our shareholders consistent with our Strategic Plan,” said James A. Squires, Norfolk Southern chairman, president, and CEO.
The dividend is payable March 10, to shareholders of record on Feb 2.
Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 142 consecutive quarters.