Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  CSX Corporation    CSX

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

CSX CORP : CSX Corporation Declares Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/25/2008 | 10:36pm CET

JACKSONVILLE, Fla., June 25 /PRNewswire-FirstCall/ -- On June 24, 2008, the Board of Directors of CSX Corporation (NYSE: CSX) approved a 22 percent increase in the quarterly dividend on the company's common stock to $0.22 per share. The dividend is payable on September 15, 2008 to shareholders of record at the close of business on September 1, 2008. CSX has more than tripled its quarterly dividend over the past three years.

"Industry leading dividend increases provide significant value for shareholders and underscore the momentum in our earnings performance and future outlook for our businesses," said Michael J. Ward, Chairman, President and Chief Executive Officer.

The company delivered record revenues, operating income and earnings per share in the most recent quarter and has the most aggressive guidance in the industry.

About CSX

CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail, intermodal and rail-to-truck trainload services. The company's transportation network spans approximately 21,000 miles, with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river and lake ports. More information about CSX Corporation and its subsidiaries is available at the company's web site, www.csx.com.

Forward-looking statements

This information and other statements by the company contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, cost-savings, expenses, or other financial items; statements of management's plans, strategies and objectives for future operation, and management's expectations as to future performance and operations and the time by which objectives will be achieved; statements concerning proposed new products and services; and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "project," "estimate" and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company does update any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by these forward-looking statements include, among others: (i) the company's success in implementing its financial and operational initiatives, (ii) changes in domestic or international economic or business conditions, including those affecting the rail industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; and (v) the outcome of claims and litigation involving or affecting the company.

Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at www.csx.com.

SOURCE CSX Corporation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CSX CORPORATION
02/27 CSX CORPORATION (NASDAQ : CSX) Files An 8-K Costs Associated with Exit or Dispos..
02/27 CSX CORP : Costs Associated with Exit or Disposal Activities, Change in Director..
02/27 CSX : The Research Analysts Weekly Ratings Updates for Csx Corporation (Csx)
02/26 CSX : VCU sports Hall of Famer named CSX CEO
02/24 CSX CORPORATION : ex-dividend day
02/23 CSX : Top 2 CSX executives retiring, railroad lays off 1,000
02/22 CSX CORPORATION (NASDAQ : CSX) Files An 8-K Amendments to Articles of Incorporat..
02/22 CSX : Former VCU tennis star Eliasson tapped as president of CSX Corp. CSX names..
02/22 CSX CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year (form..
02/22DJCSX : CEO To Retire; Layoffs Total 1,000 -- WSJ
More news
Sector news : Ground Freight & Logistics - NEC
02/22DJXPO LOGISTICS : Today's Top Supply Chain and Logistics News From WSJ
02/15DJCSX : Takes Fight to Shareholders -- WSJ
02/15DJCSX : Seeks Shareholder Input on Activist Investor's Requests -- 2nd Update
02/15DJCSX : Seeks Hlder Input on Activist Investor's Requests -- Update
02/15DJCSX : Correction to CSX Activist Investor Story
More sector news : Ground Freight & Logistics - NEC
News from SeekingAlpha
2015 CSX : Positive Indications In Spite Of Near Term Headwinds
2015 Is The TED Spread Yellen?
2015 TECHNICIAN : More pain ahead for transports
2015 Fed Raises Rates Because Of Ongoing U.S. Recovery?
2015 The Fed, Behind The Magic 8 Ball?