(Source: Norfolk Southern press release, January 24, 2017)
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 3 percent, or 2 cents per share, from 59 to 61 cents per share.
“The dividend increase reflects our board’s confidence in the company’s strategic plan and demonstrates our commitment to deliver long-term value for our shareholders,” said Norfolk Southern Chairman, President and CEO James A. Squires.
The increased dividend is payable on March 10 to stockholders of record on Feb. 3. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 138 consecutive quarters.