CSX Corporation (NASDAQ:CSX – Get Free Report) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.14 per share by the transportation company on Tuesday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, November 30th.
CSX has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 21 years. CSX has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CSX to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.2%.
CSX Stock Performance
Shares of NASDAQ CSX opened at $47.34 on Friday. The stock has a market cap of $87.70 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. CSX has a 1 year low of $33.63 and a 1 year high of $53.60. The firm has a fifty day moving average price of $49.07 and a 200-day moving average price of $47.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72.
CSX Company Profile
CSX Corporation (NASDAQ:CSX) is a transportation company that provides rail-based freight services through its principal subsidiary, CSX Transportation. The company moves a broad range of products, including agricultural and food products, chemicals, minerals, forest products, metals, automotive shipments, and consumer goods.
CSX also provides intermodal transportation, connecting rail shipments with trucks, ports, and distribution facilities. Its network serves the eastern United States and reaches parts of Canada, linking major industrial regions, population centers, manufacturing locations, and Atlantic and Gulf Coast ports.
CSX traces its history to the 1980 merger of Chessie System and Seaboard Coast Line Industries.
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