CSX Corporation Announces Increase to Dividend and Share Repurchase Program
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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csx.com/index.cfm/investors/news-releases
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Source: GlobeNewswire
JACKSONVILLE, Fla., Feb. 12, 2018 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ:CSX) today announced that the Company’s Board of Directors has authorized a ten percent increase in its quarterly dividend along with an increase to the current share repurchase program to $5 billion. James M. Foote, CSX President and Chief Executive Officer: “The CSX Board of Directors has confidence in the quality of our franchise and our long-term prospects. The share repurchase program increase to $5 billion that the CSX board has authorized is a demonstration of this confidence. “The CSX leadership team and I look forward to the upcoming investor conference in March where we will provide more detail on the company’s transformation and progress toward our 60 percent operating ratio target by 2020.” The CSX Board of Directors approved an increase in the quarterly dividend from $0.20 to $0.22. The new $0.22 quarterly dividend is payable on March 15, 2018, to shareholders of record at the close of busi
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