CSX Corporation Declares Quarterly Dividend

Rhea-AI Summary

CSX Corporation's Board of Directors approved a quarterly dividend of $0.093 per share on July 23, 2021. This dividend is set to be paid on September 15, 2021, to shareholders on record by August 31, 2021. Following a three-for-one stock split on June 28, 2021, the dividend approximates the prior dividend of $0.28 per share. CSX is a leading transportation company in the U.S., servicing diverse markets with a vast rail network connecting major urban areas and ports.

Positive

• Quarterly dividend of $0.093 per share approved for September 15 payment.
• Dividend reflects confidence in sustaining shareholder income post stock split.

Negative

• None.

JACKSONVILLE, Fla., July 26, 2021 (GLOBE NEWSWIRE) -- On Friday, July 23, 2021, the Board of Directors of CSX Corporation (NASDAQ: CSX) approved a $0.093* per share quarterly dividend on the company's common stock. The dividend is payable on September 15, 2021, to shareholders of record at the close of business on August 31, 2021.

*The dividend will be carried out to six decimal places to most closely approximate the $0.28 per share dividend amount prior to the three-for-one stock split that occurred on June 28, 2021.

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 CSX dividend amount for September 2021?

CSX approved a dividend of $0.093 per share to be paid on September 15, 2021.

When is the CSX dividend payment date?

The dividend payment date for CSX is September 15, 2021.

What was the CSX dividend prior to the stock split?

Prior to the three-for-one stock split, the CSX dividend was $0.28 per share.

Who is eligible for the CSX dividend payment?

Shareholders on record by August 31, 2021, are eligible for the CSX dividend payment.