CSX Declares Quarterly Dividend

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CSX has declared its first dividend for 2013. The company is to pay $0.14 per share of its common stock on March 15 to stockholders of record as of the end of Feb. 28. That payout matches that of the company's previous three quarters. Before that, CSX had disbursed $0.12 per share.

The dividend announcement comes less than a month after the company announced its fiscal 2012 results, in which it posted a 6% year-over-year increase in net profit.

The $0.14-per-share dividend annualizes to $0.56, for a yield of 2.5% on the company's current share price. 

The article CSX Declares Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no positions in CSX. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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