CSX Corporation (NASDAQ:CSX) Declares Quarterly Dividend of $0.14

CSX Corporation (NASDAQ:CSX) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Monday, August 31st will be given a dividend of 0.14 per share by the transportation company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st.

CSX has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 21 years. CSX has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CSX to earn $2.23 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 25.1%.

CSX Stock Performance

CSX stock opened at $51.28 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $94.99 billion, a PE ratio of 29.64, a P/E/G ratio of 2.35 and a beta of 1.21. The business has a 50 day moving average of $49.91 and a 200-day moving average of $45.57. CSX has a 12-month low of $31.80 and a 12-month high of $53.60.

CSX (NASDAQ:CSX) last issued its quarterly 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. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company posted $0.44 earnings per share. CSX’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that CSX will post 2 earnings per share for the current year.

CSX Company Profile

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.