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CSX Corporation Declares Quarterly Dividend

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The board of directors of CSX Corp. has announced a quarterly dividend of $0.26 per share, payable on June 15, 2020, to shareholders of record as of May 29, 2020. This decision reflects the company's ongoing commitment to return value to shareholders. CSX operates a robust transportation network, connecting major metropolitan areas in the eastern U.S. and facilitating the movement of goods across various sectors, including energy and agriculture. More details can be found on the company's investor relations website.

Positive
  • Quarterly dividend of $0.26 per share approved, demonstrating commitment to shareholder returns.
Negative
  • None.

JACKSONVILLE, Fla., May 07, 2020 (GLOBE NEWSWIRE) -- Yesterday, the board of directors of CSX Corp. (NASDAQ: CSX) approved a $0.26 per share quarterly dividend on the company's common stock. The dividend is payable June 15, 2020, to shareholders of record at the close of business on May 29, 2020.

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 230 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 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:
Bill Slater, Investor Relations
904-359-1334

Bryan Tucker, Corporate Communications
855-955-6397

FAQ

What is the quarterly dividend amount for CSX in June 2020?

The quarterly dividend amount for CSX in June 2020 is $0.26 per share.

When is the dividend payment date for CSX in 2020?

The dividend payment date for CSX is June 15, 2020.

Who are eligible shareholders for CSX's dividend?

Shareholders of record as of May 29, 2020, are eligible for the dividend.

How often does CSX pay dividends?

CSX pays dividends quarterly.

What financial performance does the dividend suggest for CSX?

The dividend approval suggests confidence in CSX's financial performance and ongoing profitability.

Csx Corp

NASDAQ:CSX

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61.12B
1.89B
0.22%
78.55%
1.74%
Railroads
Railroads, Line-haul Operating
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United States
JACKSONVILLE