Norfolk Southern Corporation (NYSE:NSC) Declares $1.35 Quarterly Dividend

Norfolk Southern Corporation (NYSE:NSC) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be paid a dividend of 1.35 per share by the railroad operator on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 7th.

Norfolk Southern has raised its dividend by an average of 0.1%per year over the last three years. Norfolk Southern has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Norfolk Southern to earn $13.43 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 40.2%.

Norfolk Southern Stock Performance

NYSE:NSC opened at $331.81 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. The firm has a market capitalization of $74.52 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 6.12 and a beta of 1.27. The company’s 50-day moving average is $315.65 and its two-hundred day moving average is $305.12. Norfolk Southern has a 1-year low of $268.23 and a 1-year high of $342.53.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. Analysts forecast that Norfolk Southern will post 12.24 EPS for the current year.

Norfolk Southern Company Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.