JACKSONVILLE, Fla. — The Board of Directors of CSX Corp. voted to approve an 8 percent increase in the quarterly dividend on the company’s common stock.
The quarterly dividend, which increases from $0.24 to $0.26 per share, is payable on December 15, 2010 to stockholders of record onNovember 30, 2010. This marks CSX’s eighth increase during the past five years.
“As we meet our customers’ growing transportation needs, we are able to provide strong returns to our shareholders,” said Michael J. Ward, chairman, president and chief executive officer. “Today’s announcement is consistent with our commitment to doing both things well.”