Aggressive · Stocks to Consider and Updates

CSX Raises Payout; Increases Share Buyback Plan

CSX Corp. (NASDAQ: CSX – $51.68) announced that the company’s Board of Directors has authorized a ten percent increase in its quarterly dividend along with an increase to the current share repurchase program. Citing confidence in the railroad’s long-term prospects, the quarterly dividend will increase from $0.20 to $0.22 per share or $0.88 annually, and yield 1.7% at current quotations. The dividend is payable on March 15, 2018, to shareholders of record at the close of business on March 1, 2018. In addition, the Board of the east coast rail approved an increase in the company’s repurchase program of up to $5 billion to be completed by the end of the first quarter of 2019.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s