CSX Corporation Announces Quarterly Dividend Payout

JACKSONVILLE, Fla. - In a recent announcement that has resonated across the financial community, CSX Corporation CSX, a leading rail transportation and real estate holding company, has declared a quarterly dividend for its shareholders. The Board of Directors has approved a dividend of $0.12 per share on its common stock, underscoring the company's steady financial performance and commitment to returning value to its investors.

Dividend Details

The newly declared dividend is slated for payment on December 13, 2024, to all shareholders of record at the close of business on a specified date. This declaration represents CSX Corporation's ongoing efforts to provide consistent returns to its stockholders, reflecting confidence in the company's future prospects and stable revenue streams primarily driven by its robust rail transportation and real estate operations. The strategic location of its headquarters in Jacksonville, Florida, positions CSX advantageously within the intricate network of North American commerce.

Company Overview

Founded after a notable merger and headquartered in Jacksonville since 2003, CSX Corporation has become an indelible part of the American industrial landscape. The company has diversified interests that include, but are not limited to, rail transportation and real estate, playing an integral role in facilitating trade and economic growth across the region.

In comparison, Meta Platforms, Inc. META, another prominent player in the global stock market, operates from Menlo Park, California. META is renowned for its innovative products that connect people globally through an array of electronic devices and platforms. While operating in a different sector than CSX, META shares the trait of being a top-tier industry leader aimed at pioneering its respective field with forward-thinking strategies and services.

CSX, META, Dividend