Norfolk Southern Corporation (NSC) To Go Ex-Dividend on November 6th

Norfolk Southern Corporation (NYSE:NSC – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $1.35 per share by the railroad operator on Friday, November 20th. This represents a $5.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 6th.

Norfolk Southern has increased its dividend payment by an average of 0.1% annually over the last three years. Norfolk Southern has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Norfolk Southern to earn $13.87 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 38.9%.

Norfolk Southern Stock Performance

NYSE NSC opened at $336.49 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. Norfolk Southern has a fifty-two week low of $277.80 and a fifty-two week high of $358.60. The business has a fifty day moving average of $326.56 and a 200-day moving average of $320.58. The stock has a market cap of $75.58 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 4.89 and a beta of 1.29.

Norfolk Southern (NYSE:NSC – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.16. Norfolk Southern had a return on equity of 18.21% and a net margin of 21.02%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the business posted $3.30 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, analysts predict that Norfolk Southern will post 12.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Stephens upgraded shares of Norfolk Southern to a “hold” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. reduced their price objective on shares of Norfolk Southern from $338.00 to $318.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Citigroup reaffirmed a “cautious” rating on shares of Norfolk Southern in a research note on Wednesday, October 7th. UBS Group reiterated a “neutral” rating and issued a $363.00 price target on shares of Norfolk Southern in a report on Friday, July 24th. Finally, Robert W. Baird increased their price target on Norfolk Southern from $360.00 to $377.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Norfolk Southern presently has an average rating of “Hold” and a consensus target price of $346.94.

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Norfolk Southern Company Profile

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Norfolk Southern Corporation (NYSE:NSC) is a transportation company that operates one of the largest freight railroad networks in the eastern United States. Through its Norfolk Southern Railway subsidiary, the company provides rail transportation and related services across a broad territory spanning portions of the Midwest, South and East Coast, including access to major industrial centers, ports and distribution markets.

Norfolk Southern transports a diverse range of commodities, including intermodal freight, merchandise, automotive products, coal and other energy-related materials.

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Dividend History for Norfolk Southern (NYSE:NSC)

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