CSX Declares Quarterly Dividend

Rhea-AI Summary

CSX Corp. (NASDAQ: CSX) has declared a quarterly dividend of $0.10 per share on its common stock, with a payment date set for June 15, 2022. Shareholders on record as of May 31, 2022 will be eligible to receive this dividend. CSX, a leading transportation company based in Jacksonville, Florida, provides various rail and intermodal services across numerous markets, impacting major metropolitan areas in the eastern United States.

Positive

• Declared a quarterly dividend of $0.10 per share.
• Dividend payment date of June 15, 2022, boosts shareholder income.

Negative

• None.

JACKSONVILLE, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.10 per share quarterly dividend on the company’s common stock. The dividend is payable on June 15, 2022, to shareholders of record at the close of business on May 31, 2022.

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.   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 CSX dividend amount for June 2022?

CSX has declared a dividend of $0.10 per share for June 2022.

When is the CSX dividend payment date?

The dividend payment date for CSX is June 15, 2022.

What is the record date for the CSX dividend?

The record date for the CSX dividend is May 31, 2022.

How often does CSX pay dividends?

CSX typically pays dividends quarterly.

Is the CSX dividend sustainable?

The sustainability of the CSX dividend can depend on the company's financial performance and cash flow.