CSX Corp. Announces Increase to Quarterly Dividend
February 16 2022 - 4:02PM
CSX Corp. (NASDAQ: CSX) today announced that the Company’s Board of
Directors has authorized a 7 percent increase in its quarterly
dividend, from $0.093* to $0.10 per share. The new $0.10 quarterly
dividend is payable on March 15, 2022 to shareholders of record at
the close of business on February 28, 2022.
*The prior dividend was carried
out to six decimal places to most closely approximate the $0.28 per
share dividend amount prior to the three-for-one stock split that
occurred on June 28, 2021.
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
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