Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.
Norfolk Southern Dividend Announcement
• Norfolk Southern announced a quarterly dividend of $1.35 per ordinary share which will be made payable on 2024-11-20. Ex dividend date: 2024-11-01
• Norfolk Southern annual dividend for 2024 was $5.40
• Norfolk Southern annual dividend for 2023 was $5.40
• Norfolk Southern's trailing twelve-month (TTM) dividend yield is 2.58%
• Norfolk Southern's payout ratio for the trailing twelve months (TTM) is 47.36%
• Norfolk Southern's dividend growth over the last five years (2018-2023) was 12.18% year
• Norfolk Southern's dividend growth over the last ten years (2013-2023) was 10.22% year
Norfolk Southern Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-01 | $1.35 | quarterly | 2024-11-20 |
2024-08-02 | $1.35 | quarterly | 2024-08-20 |
2024-05-02 | $1.35 | quarterly | 2024-05-20 |
2024-02-01 | $1.35 | quarterly | 2024-02-20 |
2023-11-02 | $1.35 | quarterly | 2023-11-20 |
2023-08-03 | $1.35 | quarterly | 2023-08-21 |
2023-05-04 | $1.35 | quarterly | 2023-05-20 |
2023-02-02 | $1.35 | quarterly | 2023-02-21 |
2022-11-03 | $1.24 | quarterly | 2022-11-21 |
2022-08-05 | $1.24 | quarterly | 2022-08-20 |
2022-05-05 | $1.24 | quarterly | 2022-05-20 |
2022-02-03 | $1.24 | quarterly | 2022-02-21 |
2021-11-04 | $1.09 | quarterly | 2021-11-19 |
2021-08-06 | $1.09 | quarterly | 2021-08-20 |
2021-05-06 | $0.99 | quarterly | 2021-05-20 |
2021-02-04 | $0.99 | quarterly | 2021-03-10 |
2020-11-05 | $0.94 | quarterly | 2020-12-10 |
2020-08-06 | $0.94 | quarterly | 2020-09-10 |
2020-05-07 | $0.94 | quarterly | 2020-06-10 |
2020-02-06 | $0.94 | quarterly | 2020-03-10 |
2019-10-31 | $0.94 | quarterly | 2019-12-10 |
2019-08-02 | $0.94 | quarterly | 2019-09-10 |
2019-05-02 | $0.86 | quarterly | 2019-06-10 |
2019-02-01 | $0.86 | quarterly | 2019-03-11 |
2018-11-01 | $0.80 | quarterly | 2018-12-10 |
2018-08-03 | $0.80 | quarterly | 2018-09-10 |
2018-05-03 | $0.72 | quarterly | 2018-06-11 |
2018-02-01 | $0.72 | quarterly | 2018-03-10 |
2017-11-02 | $0.61 | quarterly | 2017-12-11 |
2017-08-03 | $0.61 | quarterly | 2017-09-11 |
2017-05-03 | $0.61 | quarterly | 2017-06-10 |
2017-02-01 | $0.61 | quarterly | 2017-03-10 |
2016-11-02 | $0.59 | quarterly | 2016-12-10 |
2016-08-04 | $0.59 | quarterly | 2016-09-10 |
2016-05-04 | $0.59 | quarterly | 2016-06-10 |
2016-02-03 | $0.59 | quarterly | 2016-03-10 |
2015-11-04 | $0.59 | quarterly | 2015-12-10 |
2015-08-05 | $0.59 | quarterly | 2015-09-10 |
2015-05-06 | $0.59 | quarterly | 2015-06-10 |
2015-04-29 | $0.59 | quarterly | 2015-06-10 |
2015-02-04 | $0.59 | quarterly | 2015-03-10 |
2014-11-05 | $0.57 | quarterly | 2014-12-10 |
2014-07-30 | $0.57 | quarterly | 2014-09-10 |
2014-04-30 | $0.54 | quarterly | 2014-06-10 |
2014-02-05 | $0.54 | quarterly | 2014-03-10 |
2013-10-30 | $0.52 | quarterly | 2013-12-10 |
2013-07-31 | $0.52 | quarterly | 2013-09-10 |
2013-05-01 | $0.50 | quarterly | 2013-06-10 |
2013-01-30 | $0.50 | quarterly | 2013-03-11 |
Norfolk Southern Dividend per year
Norfolk Southern Dividend growth
Norfolk Southern Dividend Yield
Norfolk Southern current trailing twelve-month (TTM) dividend yield is 2.58%. Interested in purchasing Norfolk Southern stock? Use our calculator to estimate your expected dividend yield:
Norfolk Southern Financial Ratios
Norfolk Southern Dividend FAQ
Other factors to consider when evaluating Norfolk Southern as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Norfolk Southern's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Norfolk Southern publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Norfolk Southern distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Norfolk Southern are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Norfolk Southern sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Norfolk Southern distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Norfolk Southern declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Norfolk Southern's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Norfolk Southern's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.