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NORFOLK SOUTHERN CORPORATION

(NSC)
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Norfolk Southern Raises Quarterly Dividend by 10 Cents to $1.09/Share

07/30/2021 | 02:18pm EDT

By Maria Armental

Norfolk Southern Corp. is raising its dividend to $1.09 a share, a 10-cent or 10% raise, citing a bullish outlook.

"This dividend increase demonstrates our confidence in Norfolk Southern's improved revenue and operating ratio outlooks, as well as our commitment to long-term sustained value for our shareholders," Chief Executive James A. Squires said in a statement.

The company reported earnings this week, including second-quarter records for net income and diluted per-share profit and quarterly records for operating ratio and income from railway operations.

The railroad operator said the new payout will be made on Aug. 20 to shareholders of record as of Aug. 9.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

07-30-21 1618ET

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Analyst Recommendations on NORFOLK SOUTHERN CORPORATION
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Financials (USD)
Sales 2021 11 015 M - -
Net income 2021 2 967 M - -
Net Debt 2021 12 186 M - -
P/E ratio 2021 20,1x
Yield 2021 1,71%
Capitalization 59 155 M 59 155 M -
EV / Sales 2021 6,48x
EV / Sales 2022 6,14x
Nbr of Employees 19 100
Free-Float 99,9%
Chart NORFOLK SOUTHERN CORPORATION
Duration : Period :
Norfolk Southern Corporation Technical Analysis Chart | NSC | US6558441084 | MarketScreener
Technical analysis trends NORFOLK SOUTHERN CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 239,52 $
Average target price 289,13 $
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
James A. Squires Chairman, President & Chief Executive Officer
Mark George Chief Financial Officer & Executive Vice President
Fredric M. Ehlers Chief Information Officer
Cindy M. Sanborn Chief Operating Officer & Executive Vice President
Susan S. Stuart Vice President-Audit & Compliance
Sector and Competitors