Dividend Increase: NSC

One of my dividend-growth stocks, Norfolk Southern (NSC), increased its quarterly dividend by 9.3% today, raising the payment from $0.43 to $0.47 per share. This is the fourth dividend increase from NSC since mid-2010 and puts the company on track for its 11th consecutive year of dividend growth. Given that I own 20 shares of NSC, my quarterly dividend increases from $8.60 to $9.40, which will add an extra $3.20 to my annual dividend income.