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CSX Corporation Announces Increase to Quarterly Dividend

1. CSX announced an 8% dividend increase from $0.12 to $0.13 per share. 2. The new dividend is payable on March 14, 2025, to eligible shareholders. 3. CSX plays a critical role in U.S. economic expansion and industrial development. 4. The company connects major U.S. urban areas and numerous transportation links. 5. Dividend increases often reflect strong financial health and may attract investors.

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Why Bullish?

The increase in dividends typically signals financial strength, which can boost investor confidence. Similar past announcements have often led to positive price movements in the stock.

How important is it?

This announcement is significant as it indicates positive financial health and investor reward mechanisms. It is crucial for maintaining shareholder interest and market position.

Why Short Term?

The immediate effect of dividend announcements is usually felt quickly as investors react. Previous cases show such announcements can lead to prompt stock price adjustments.

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CSX
JACKSONVILLE, Fla., Feb. 12, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced that the Company’s Board of Directors approved an eight percent increase in its quarterly dividend, from $0.12 to $0.13 per share. The new $0.13 quarterly dividend is payable on March 14, 2025, to shareholders of record at the close of business on February 28, 2025. About CSX and its Disclosures CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. This announcement, as well as additional financial information, is available on the Company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Facebook (http://www.facebook.com/OfficialCSX) and on X, formerly known as Twitter (http://twitter.com/CSX). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Contact:Matthew Korn, CFA, Investor Relations904-366-4515 Bryan Tucker, Corporate Communications855-955-6397

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