CSX Corp. Announces Increase to Quarterly Dividend

Rhea-AI Summary

On February 15, 2023, CSX Corp. (NASDAQ: CSX) announced a 10% increase in its quarterly dividend, elevating it from $0.10 to $0.11 per share. This new dividend is set to be paid on March 15, 2023, to shareholders on record as of February 28, 2023. CSX continues to strengthen its position as a premier transportation company, offering rail and intermodal services across diverse markets, including energy and agriculture. With nearly 200 years of operation, CSX connects major metropolitan areas and plays a vital role in the U.S. economy.

Positive

• 10% increase in quarterly dividend to $0.11 per share
• Dividends set to bolster shareholder income
• Company demonstrates strong financial health and commitment to shareholders

Negative

• None.

JACKSONVILLE, Fla., Feb. 15, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced that the Company’s Board of Directors approved a 10 percent increase in its quarterly dividend, from $0.10 to $0.11 per share. The new $0.11 quarterly dividend is payable on March 15, 2023, to shareholders of record at the close of business on February 28, 2023.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.   For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development.   Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.   More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://www.facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).

This announcement, as well as additional financial information, is available on the Company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Facebook (http://www.facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time.   More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515

Bryan Tucker, Corporate Communications
855-955-6397

FAQ

What is the new quarterly dividend amount for CSX?

The new quarterly dividend amount for CSX is $0.11 per share.

When will CSX pay its new dividend?

CSX will pay its new dividend on March 15, 2023.

What is the record date for CSX's dividend payment?

The record date for CSX's dividend payment is February 28, 2023.

How much was the previous dividend amount for CSX?

The previous dividend amount for CSX was $0.10 per share.

What percentage increase did CSX announce for its dividend?

CSX announced a 10% increase in its quarterly dividend.