CSX Corporation (NASDAQ:CSX) Shares Will Pay Quarterly Dividend of $0.14

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 (NASDAQ:CSX – Get Free Report) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. CSX’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 EPS. Equities analysts anticipate that CSX will post 2 earnings per share for the current fiscal year.

CSX Company Profile

(Get Free Report)

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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Dividend History for CSX (NASDAQ:CSX)

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