CSX announces today that its board of directors has approved a 9% increase in its quarterly dividend, up from $0.11 to $0.12 per share.
“The new $0.12 quarterly dividend is payable on March 15, 2024, to shareholders of record at the close of business on February 29, 2024,” it added.
Implied 2024 yield at current price of $37 a share: 1.3%.
While rewarding shareholders, earlier this month it reached agreements “with four additional groups …
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