Norfolk Southern Declares Quarterly Dividend

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced a quarterly dividend of $1.09 per share, payable November 19 to shareholders on record as of November 5. This marks the company's commitment to shareholder returns, having paid dividends for 157 consecutive quarters since 1982. The adjustment in the record to payable date aims to accelerate payments to shareholders, reflecting the company's ongoing financial health and dedication to its investor base.

Positive

• Quarterly dividend of $1.09 per share reflects strong commitment to shareholders.
• Consecutive dividend payments for 157 quarters indicate a stable financial history.
• Reduction in the time between shareholder record date and payable date enhances liquidity for investors.

Negative

• None.

ATLANTA, Oct. 26, 2021 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced a regular quarterly dividend of $1.09 per share on its common stock.

The dividend is payable November 19 to shareholders of record on November 5. Norfolk Southern reduced the days between shareholder of record date and payable date beginning in the second quarter of 2021, effectively accelerating payments to shareholders. The company has paid a dividend on its common stock for 157 consecutive quarters since its formation in 1982.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and cost-effective shipping solutions. The company's service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.

 

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SOURCE Norfolk Southern Corporation

FAQ

What is the dividend amount for Norfolk Southern in 2021?

Norfolk Southern has declared a quarterly dividend of $1.09 per share.

When will the dividend for Norfolk Southern be paid?

The dividend will be paid on November 19, 2021.

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

The record date for the dividend is November 5, 2021.

How long has Norfolk Southern been paying dividends?

Norfolk Southern has paid dividends for 157 consecutive quarters since its formation in 1982.

Has Norfolk Southern changed its dividend payment schedule?

Yes, they have reduced the time between the shareholder record date and the payable date since the second quarter of 2021.