Thursday, April 16, 2015

CSX Raises Dividend and more



CSX reported a good quarter and decided to raise the dividend and announce a buyback. This holding has been a nice steady contributor both with price slowly moving higher along with a growing dividend. They are building back up from their 3 for 1 split a few years ago. I am happy to own a little bit, but it may be beneficial to look at adding to my position to enjoy more of this news.

From the press release: The CSX of Directors has approved a 13% increase in its quarterly dividend to 18 cents a share, along with a new $2 billion buyback. The new dividend will be paid June 15 to shareholders of record as of May 29.


Photo Source: http://www.athearn.com/Products/Default.aspx?ProdID=ATH29241

4 comments:

  1. Loved this quarter! Dividend raises, buybacks (at cheaper prices than peers) and decent earnings report... whats not to love!?

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    1. ADD,

      I like CSX. You have more shares than I do, but this quarter shows they are trying to live up to the slogan How tomorrow moves!

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  2. The rails might offer some good value these days. DividendVet just added to UNP and CSX, KSU, NSC, CP and CNI might be worth a look as well since a lot of oil transport might adversely affect these stocks going forward as oil production that travels by rail decreases. Still, always good to hear about a dividend raise.

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    1. DivHut,

      Those are all good rail choices I think for the long term.

      Did you see MPC announced a 2 for 1 split? From what I saw somewhere they are going to split the stock, but still keep the 50 cent dividend. Not positive if that is accurate, but that'd be awesome. I only have 4 something shares in my Roth of it though.

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