Norfolk Southern commences $1.2B accelerated share repurchase program [Seeking Alpha]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
nscorp.com/content/nscorp/en/investor-relations.html
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Source: Seeking Alpha
Norfolk Southern Corporation (NYSE: NSC ) has entered into accelerated share repurchase agreements with Bank of America N.A. and Goldman Sachs & Co. LLC to repurchase $1.2B company's common stock. Chairman, President and CEO James A. Squires said, These ASR transactions, combined with our ongoing, market-based share repurchases and recent dividend increases, clearly demonstrate our board's confidence in Norfolk Southern's present and future. As per the agreements, the company will receive initial deliveries totaling ~5.7M shares on Aug. 3, representing approximately 80% of the expected share repurchases under the ASR program, based on the company's share closing price on Aug. 2. The ASR transactions are expected to be completed no later than the end of January 2019. Norfolk Southern has repurchased and retired 173.3M shares at a total cost of ~$12B. Click to subscribe to real-time analytics on NSC Now read: Kansas City Southern: Waiting For The Breakout
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News
- Norfolk Southern Declares Quarterly DividendPR Newswire
- Gildan Refreshes Board Amid Proxy Fight [Yahoo! Finance]Yahoo! Finance
- Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk Southern [Yahoo! Finance]Yahoo! Finance
- Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk SouthernBusiness Wire
- Those who invested in Norfolk Southern (NYSE:NSC) five years ago are up 31% [Yahoo! Finance]Yahoo! Finance
NSC
Earnings
- 1/26/24 - Miss
NSC
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/22/24 - Form DFAN14A
- 4/22/24 - Form DFAN14A
- NSC's page on the SEC website