Norfolk Southern

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Norfolk Southern

Norfolk Southern Foundation Awards Nearly $5.6 million to Charitable Organizations in 2010

February 1, 2011 Railfanning.org News Wire
NORFOLK, Va. — The Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corp., announced that it awarded nearly $5.6 million in grants during 2010 to nonprofit, charitable organizations. The Foundation supports programs that benefit nonprofit organizations in four principal areas: educational programs; community enrichment, focusing on cultural and artistic organizations; environmental programs; and health and human services. The grants included $1.4 million in employee matching gifts in support of 510 organizations. Grants other than matching gifts went to 310 organizations in Norfolk Southern’s operating territory. The Foundation contributed to 79 United Way campaigns plus other health and human
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Norfolk Southern

Norfolk Southern Reports 2010 Fourth-Quarter and Full-Year Results

January 25, 2011 Railfanning.org News Wire
Norfolk Southern Corp. reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31 percent higher compared with $307 million, or $0.82 per diluted share, for the same quarter of 2009. Fourth-quarter 2010 results benefited from a $34 million, or $0.09 per diluted share, change in estimate affecting deferred income taxes. Net income for 2010 was $1.5 billion, or $4.00 per diluted share, an increase of 45 percent, compared with $1.0 billion, or $2.76 per diluted share, in 2009. “During 2010 we profitably grew the business, invested in the franchise, generated significant levels of cash, and produced attractive returns for our shareholders,” said CEO Wick Moorman. “We
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Norfolk Southern

Norfolk Southern Increases Dividend

January 25, 2011 Railfanning.org News Wire
NORFOLK, Va. — Norfolk Southern Corp. said its Board of Directors today voted to increase the regular quarterly dividend on the company’s common stock by 11 percent, or 4 cents per share, from 36 to 40 cents per share. The increased dividend is payable on March 10 to stockholders of record on Feb. 4.