Norfolk
Southern Board increases quarterly dividend 18 percent
NORFOLK,
Va., Jan. 23, 2018 – Norfolk Southern Corporation announced
that its board of directors today approved an 18 percent
increase in its quarterly dividend on the company’s common
stock, from 61 to 72 cents per share.
“This
dividend increase demonstrates the board’s confidence in
Norfolk Southern’s ability to invest in our business and in
technology to grow and provide service to our customers,
while returning capital to our shareholders consistent with
our Strategic Plan,” said James A. Squires, Norfolk Southern
chairman, president, and CEO.
The
dividend is payable March 10, to shareholders of record on
Feb 2.
Since
its inception in 1982,
Norfolk Southern has paid dividends on its common stock
for 142 consecutive quarters.
About
Norfolk Southern
Norfolk
Southern Corporation
(NYSE: NSC) is one of the nation’s premier transportation
companies. Its Norfolk Southern Railway Company subsidiary
operates approximately 19,500
route
miles
in 22 states and the District of Columbia, serves every
major container port in the eastern United States, and
provides efficient connections to other rail carriers.
Norfolk Southern operates the most extensive intermodal
network in the East and is a major transporter of coal,
automotive, and industrial products.
Media
Inquiries:
Susan
Terpay,
757-823-5204 (susan.terpay@nscorp.com)
Investor
Inquiries:
Clay
Moore,
757-629-2861 (clay.moore@nscorp.com)
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