Norfolk Southern Corporation (NSC) To Go Ex-Dividend on November 6th

Norfolk Southern Corporation (NYSE:NSC) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $1.35 per share by the railroad operator on Friday, November 20th. This represents a $5.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, November 6th.

Norfolk Southern has increased its dividend by an average of 0.1% per year over the last three years. Norfolk Southern has a dividend payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Norfolk Southern to earn $14.09 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 38.3%.

Norfolk Southern Stock Down 1.3%

NSC stock opened at $341.19 on Wednesday. Norfolk Southern has a 12-month low of $277.80 and a 12-month high of $358.60. The company has a quick ratio of 0.81, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market cap of $76.64 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 5.17 and a beta of 1.20. The company has a 50 day moving average of $326.03 and a two-hundred day moving average of $315.44.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.16. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.48 billion. Norfolk Southern had a net margin of 20.70% and a return on equity of 18.22%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. On average, equities analysts anticipate that Norfolk Southern will post 12.80 earnings per share for the current fiscal year.

About Norfolk Southern

Norfolk Southern Corporation (NYSE:NSC) is a transportation company that operates one of the largest freight railroad networks in the eastern United States. Through its Norfolk Southern Railway subsidiary, the company provides rail transportation and related services across a broad territory spanning portions of the Midwest, South and East Coast, including access to major industrial centers, ports and distribution markets.

Norfolk Southern transports a diverse range of commodities, including intermodal freight, merchandise, automotive products, coal and other energy-related materials.