Quarterly Dividend Chugs Higher At Norfolk Southern
- July 27, 2010
- Dividend News, Featured
- Add a comment
Norfolk Southern (NSC: 56.52 -1.12%) announced today that the company will increase their quarterly dividend by 6% to $.36 per share.
Following the dividend hike, NSC’s dividend yield will increase to 2.5% based on today’s closing price. The railroad stock has been paying dividends since 1982.
The dividend announcement comes as Norfolk Southern reported second quarter net income jumped 59%. The railroad stock is seeing strong year/year growth in rail traffic with revenues increasing 31%.
The increased dividend will be payable on September 10, 2010 to shareholders of record on August 6, 2010.









