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

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

Norfolk Southern has raised its dividend by an average of 0.1%annually over the last three years. Norfolk Southern has a dividend payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.9%

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

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings results on Friday, April 24th. The railroad operator reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. Norfolk Southern had a net margin of 21.91% and a return on equity of 18.30%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business posted $2.69 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate 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.