Kansas City Southern Declares Dividends on 4% Non-Cumulative Preferred Stock and Common Stock

Rhea-AI Summary

Kansas City Southern (KSU) announced on August 10, 2021, that its Board of Directors declared a regular dividend of $0.25 per share on its 4% non-cumulative preferred stock, payable on October 5, 2021. Additionally, a regular dividend of $0.54 per share on common stock was also declared, payable on October 6, 2021. Both dividends will go to stockholders of record as of the close of business on September 13, 2021. KCS operates a significant rail network in the U.S., Mexico, and Panama, enhancing its strategic position in North American logistics.

Positive

• Regular dividend of $0.54 per share on common stock enhances returns for shareholders.
• Scheduled dividends indicate strong cash flow and financial health.

Negative

• None.

Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on August 10, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 5, 2021 to preferred stockholders of record at the close of business on September 13, 2021.

The Board of Directors also declared a regular dividend of $0.54 per share on the outstanding KCS common stock. This dividend is payable on October 6, 2021, to common stockholders of record at the close of business on September 13, 2021.

Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210810006012/en/

FAQ

What is the dividend amount for Kansas City Southern's common stock?

The dividend amount for Kansas City Southern's common stock is $0.54 per share.

When is the dividend for Kansas City Southern's preferred stock payable?

The dividend for Kansas City Southern's preferred stock is payable on October 5, 2021.

What is the record date for the dividends declared by Kansas City Southern?

The record date for the dividends is September 13, 2021.

What dividends were declared by Kansas City Southern on August 10, 2021?

Kansas City Southern declared a $0.25 dividend on preferred stock and a $0.54 dividend on common stock.