Norfolk Southern Declares Quarterly Dividend

Rhea-AI Summary

On April 25, 2023, Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of $1.35 per share on its common stock. This dividend will be payable on May 20, 2023 to shareholders of record as of May 5, 2023. Norfolk Southern has maintained a consistent dividend payout for 163 consecutive quarters since its inception in 1982, showcasing its strong commitment to returning value to its shareholders. The company's operations contribute significantly to sustainability, preventing 15 million tons of carbon emissions annually by utilizing rail transportation.

Positive

• Quarterly dividend of $1.35 per share reinforces shareholder value.
• 163 consecutive quarters of dividend payments demonstrate stability and reliability.
• Sustainability initiatives help avoid 15 million tons of carbon emissions yearly.

Negative

• None.

ATLANTA, April 25, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday a quarterly dividend of $1.35 per share on its common stock.

The dividend is payable May 20, 2023, to shareholders of record on May 5, 2023.

The company has paid a dividend on its common stock for 163 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 on April 25, 2023?

Norfolk Southern declared a quarterly dividend of $1.35 per share on its common stock.

When is the Norfolk Southern dividend payable?

The dividend is payable on May 20, 2023.

What is the record date for the Norfolk Southern dividend?

The record date for the dividend is May 5, 2023.

How long has Norfolk Southern been paying dividends?

Norfolk Southern has paid dividends for 163 consecutive quarters since 1982.

How does Norfolk Southern contribute to sustainability?

Norfolk Southern helps avoid 15 million tons of carbon emissions each year by using rail for transportation.