CSX Corporation (NASDAQ:CSX) to Issue Quarterly Dividend of $0.14

CSX Corporation (NASDAQ:CSX) announced a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.14 per share by the transportation company on Tuesday, December 15th. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th.

CSX has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 21 years. CSX has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CSX to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.2%.

CSX Trading Up 1.1%

Shares of CSX stock opened at $47.34 on Friday. CSX has a 1 year low of $33.63 and a 1 year high of $53.60. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $49.07 and its two-hundred day simple moving average is $47.00. The company has a market cap of $87.70 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Research analysts predict that CSX will post 2 earnings per share for the current year.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Wall Street analysts rate CSX a consensus “Moderate Buy,” suggesting expectations for further appreciation despite recent volatility. CSX Corporation Stock Rated Moderate Buy by Wall Street Analysts
• Positive Sentiment: CSX maintained its quarterly dividend at $0.14 per share, payable December 15 to shareholders of record November 30. The unchanged payout reinforces income stability, although it provides no increase in shareholder returns. CSX Keeps Quarterly Dividend at $0.14 per Share
• Neutral Sentiment: CSX is preparing for Hurricane Isaias as Amtrak cancels trains. Possible service interruptions could affect operations, but the company’s preparations may limit the financial impact. Amtrak Cancels Trains, CSX Makes Preparations as Hurricane Isaias Approaches
• Neutral Sentiment: CSX’s annual Santa Train is scheduled to return to Eastern Kentucky, Virginia and Tennessee on November 21. The community event supports the company’s public image but is unlikely to materially affect earnings or valuation. CSX Santa Train Returning to Eastern Kentucky
• Negative Sentiment: Citigroup lowered its CSX price target from $54 to $53 and retained a “Neutral” rating. Although the revised target still implies upside, the reduction signals more cautious expectations. Source: Benzinga
• Negative Sentiment: Reports of modest declines in CSX trading and a consensus target near $51.09 indicate that recent market performance has not fully reflected analysts’ longer-term upside expectations. CSX Stock Falls as Consensus Target Reaches $51.09

CSX Company Profile

CSX Corporation (NASDAQ:CSX) is a transportation company that provides rail-based freight services through its principal subsidiary, CSX Transportation. The company moves a broad range of products, including agricultural and food products, chemicals, minerals, forest products, metals, automotive shipments, and consumer goods.

CSX also provides intermodal transportation, connecting rail shipments with trucks, ports, and distribution facilities. Its network serves the eastern United States and reaches parts of Canada, linking major industrial regions, population centers, manufacturing locations, and Atlantic and Gulf Coast ports.

CSX traces its history to the 1980 merger of Chessie System and Seaboard Coast Line Industries.