Norfolk Southern Lifts Dividend

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Norfolk Southern investors will soon receive a few more cents in shareholder payouts. The company has declared its latest common stock dividend, which is to be $0.52 per share paid on Sept. 10 to shareholders of record as of Aug. 2. That amount is $0.02, or 4%, higher than each of Norfolk Southern's previous four distributions of $0.50 apiece, the most recent of which was dispensed in June.

In the press release announcing the news, the company pointed out that it has paid a common stock distribution for 124 quarters in a row.

The new dividend annualizes to $2.08 per share. That yields 2.7% at Norfolk Southern's most recent closing stock price of $76.87.

The article Norfolk Southern Lifts Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Norfolk Southern. Nor does The Motley Fool. 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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