By Paul Ziobro
Railroad operator CSX raised its quarterly dividend by 8.3%.
The Jacksonville, Fla., company on Wednesday said its board approved the increase in the quarterly payout to 13 cents a share, up from 12 cents.
The new payout, equal to 52 cents a year, represents an annual yield of about 1.6% based on Wednesday's closing price of $32.92.
The quarterly dividend is payable on March 14 to shareholders of record at the close of business on Feb. 28.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
February 12, 2025 16:13 ET (21:13 GMT)
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