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CSX : Announces Stock Split (Form 8-K)

06/07/2021 | 04:35pm EDT

CSX Announces Stock Split

JACKSONVILLE, Fla. - June 4, 2021 - CSX Corporation (NASDAQ: CSX) today announced that its Board of Directors has approved a 3-for-1 stock split to be distributed to shareholders as a stock dividend. Each shareholder of record at the close of business on June 18, 2021, will receive two additional shares of CSX common stock for each share held as of this record date. The new shares will be distributed on June 28, 2021.

The regular, quarterly cash dividend of $0.28 per share payable on June 15, 2021, will not be impacted by the stock split. Based on the current dividend rate, the post-split quarterly dividend on the company's common stock would be $0.093* per share.


On a post-split basis, the dividend will be carried out six decimal places to most closely approximate the current dividend amount.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Facebook (http://www.facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com.


Bill Slater, Investor Relations


Bryan Tucker, Corporate Communications




CSX Corporation published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 20:34:10 UTC.

ę Publicnow 2021
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Financials (USD)
Sales 2021 12 145 M - -
Net income 2021 3 579 M - -
Net Debt 2021 13 805 M - -
P/E ratio 2021 20,4x
Yield 2021 1,12%
Capitalization 73 016 M 73 016 M -
EV / Sales 2021 7,15x
EV / Sales 2022 6,63x
Nbr of Employees 19 000
Free-Float 99,9%
Duration : Period :
CSX Corporation Technical Analysis Chart | CSX | US1264081035 | MarketScreener
Technical analysis trends CSX CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 32,43 $
Average target price 36,16 $
Spread / Average Target 11,5%
EPS Revisions
Managers and Directors
James M. Foote President, Chief Executive Officer & Director
Sean R. Pelkey Chief Financial Officer & Vice President
John J. Zillmer Non-Executive Chairman
Ricky E. Johnson Senior Vice President-Engineering & Mechanical
Kathleen Brandt Chief Information Officer & Senior Vice President
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