CSX Upgrades Quarterly Dividend 8.3%

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.

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(END) Dow Jones Newswires

02-12-25 1628ET