Norfolk Southern raises quarterly dividend

Jul 23, 2013, 14:09 ET from Norfolk Southern Corporation

NORFOLK, Va., July 23, 2013 /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 4 percent, or 2 cents per share, from 50 to 52 cents per share.

The increased dividend is payable on Sept. 10 to stockholders of record on Aug. 2. Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 124 consecutive quarters.

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