Norfolk Southern (
NSC) is increasing its quarterly dividend by 3.8%, from $0.52 to $0.54 per share, putting the company on track for its 13th consecutive year of dividend growth (
news release). This increase comes just two quarters after the company's previous increase, announced in July 2013. Given that I own 95 shares of NSC, my quarterly dividend increases from $49.40 to $51.30 and my yield on cost becomes 3.21%. The extra $7.60 in annual dividend income raises my forward 12-month dividend total to $4,023.
Hi DGM That is good news, nice to see the div increases, hoping as with last year all these positions plus INTC do the same. Thanks
ReplyDeleteDiv Investor: This dividend increase was a pleasant surprise. I wonder if NSC will be resuming its previous pattern of dividend growth every two quarters. If so, then I will be a very happy shareholder.
DeleteI have read about this dividend increasing on the blog from AAI.
ReplyDeleteYou both have this company - I have only think about Union Pacific.
I think I will join you both and buy this year also Norfolk Southern...
regards
D-S
D-S: I have a favorable view of railroads in general, which is what led me to invest in CNI, NSC, and UNP. At some point in the future I would like to increase my CNI and UNP positions because both are relatively small.
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