CSX Corporation Announces Increase to Quarterly Dividend

Rhea-AI Summary

CSX (NASDAQ: CSX) has announced an 8% increase in its quarterly dividend payment. The company's Board of Directors has approved raising the dividend from $0.12 to $0.13 per share. The enhanced dividend will be paid on March 14, 2025, to shareholders who are on record as of February 28, 2025.

Positive

• 8% increase in quarterly dividend demonstrates financial strength
• Higher dividend payment of $0.13 per share provides increased shareholder returns
• Continued commitment to returning value to shareholders

Negative

• None.

JACKSONVILLE, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced that the Company’s Board of Directors approved an eight percent increase in its quarterly dividend, from $0.12 to $0.13 per share. The new $0.13 quarterly dividend is payable on March 14, 2025, to shareholders of record at the close of business on February 28, 2025.

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.

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 Facebook (http://www.facebook.com/OfficialCSX) and on X, formerly known as Twitter (http://twitter.com/CSX). 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 CSX's new quarterly dividend amount for 2025?

CSX's new quarterly dividend is $0.13 per share, representing an 8% increase from the previous $0.12 per share.

When will CSX pay its increased dividend in March 2025?

CSX will pay its increased dividend on March 14, 2025, to shareholders of record as of February 28, 2025.

How much did CSX increase its dividend in February 2025?

CSX increased its quarterly dividend by 8%, raising it from $0.12 to $0.13 per share.

What is the record date for CSX's March 2025 dividend payment?

The record date for CSX's March 2025 dividend payment is February 28, 2025.

How much will shareholders receive from CSX's new quarterly dividend?

Shareholders will receive $0.13 per share as part of CSX's new quarterly dividend payment.