NORFOLK, Va., Jan. 24, 2017 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced that its Board of Directors today voted to increase the regular quarterly dividend on the company's common stock by 3 percent, or 2 cents per share, from 59 to 61 cents per share.
"The dividend increase reflects our board's confidence in the company's strategic plan and demonstrates our commitment to deliver long-term value for our shareholders," said Norfolk Southern Chairman, President and CEO James A. Squires.
The increased dividend is payable on March 10 to stockholders of record on Feb. 3. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 138 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 20,000 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.
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SOURCE Norfolk Southern Corporation