CSX Corporation (CSX) To Go Ex-Dividend on May 29th

CSX Corporation (NASDAQ:CSX) announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, May 29th will be given a dividend of 0.14 per share by the transportation company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 29th.

CSX has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. CSX has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CSX to earn $2.13 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 26.3%.

CSX Price Performance

CSX stock opened at $44.40 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.97 and a quick ratio of 0.83. The firm has a market capitalization of $82.50 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.32 and a beta of 1.24. The business’s 50-day moving average is $42.07 and its two-hundred day moving average is $38.87. CSX has a 1 year low of $30.17 and a 1 year high of $46.55.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. CSX had a return on equity of 24.47% and a net margin of 21.55%.CSX’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Analysts anticipate that CSX will post 1.89 earnings per share for the current fiscal year.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.