Norfolk Southern Declares Quarterly Dividend

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) has declared a quarterly dividend of $1.24 per share, payable on November 21, 2022, to shareholders of record as of November 4, 2022. This marks the 161st consecutive quarter of dividend payments since the company's inception in 1982. Norfolk Southern operates a robust freight transportation network contributing to sustainability by preventing 15 million tons of carbon emissions annually. The company remains a significant player in North America's rail shipping market.

Positive

• Quarterly dividend of $1.24 per share signals strong financial health.
• 161 consecutive quarters of dividend payments demonstrate commitment to returning value to shareholders.
• The company's operations prevent 15 million tons of carbon emissions annually, enhancing sustainability.

Negative

• None.

ATLANTA, Oct. 25, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a quarterly dividend of $1.24 per share on its common stock. The dividend is payable November 21, 2022 to shareholders of record on November 4, 2022.

The company has paid a dividend on its common stock for 161 consecutive quarters since its formation in 1982.

About Norfolk Southern

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

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SOURCE Norfolk Southern Corporation

FAQ

What is the dividend amount declared by Norfolk Southern in October 2022?

Norfolk Southern declared a dividend of $1.24 per share in October 2022.

When will Norfolk Southern's dividend be paid?

The dividend will be paid on November 21, 2022.

What is the record date for Norfolk Southern's dividend?

The record date for the dividend is November 4, 2022.

How long has Norfolk Southern been paying dividends?

Norfolk Southern has paid dividends for 161 consecutive quarters since 1982.