Home Markets Dividend Growth of CSX Corporation(CSX)

Dividend Growth of CSX Corporation(CSX)


CSX Corporation(CSX) is having a Dividend Yield of 1.52% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.18. CSX Corporation has a 5 year average dividend yield of 2.35% and the stock has a Indicated annual dividend of $0.72. CSX Corporation(CSX) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.18. The new indicated annual dividend based on announced dividend per share is $0.72. The dividend yield based on the forward looking indicated annual dividend is 1.52%. CSX Corporation(CSX) has the most recent dividend payout ratio of 0.4 with a 5-year average payout ratio of 0.34. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.06. The 5 year historical dividend growth of CSX Corporation(CSX) is at the rate of 7.88% while the R-Squared dividend growth is 0.9. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

CSX Corporation (NASDAQ:CSX) rose 0.74% or 0.35 points on Thursday and made its way into the gainers of the day. After trading began at $47.52 the stock was seen hitting $47.71 as a peak level and $46.22 as the lowest level. The stock ended up at $47.69. The daily volume was measured at 17,713,954 shares. The 52-week high of the share price is $49.13 and the 52-week low is $23.58. The company has a market cap of $44,182 million. CSX Corporation has dropped 0.13% in the last five trading days, however, the shares have posted positive gains of 29.31% in the last 4 weeks. CSX Corporation is up 38.82% in the last 3-month period. Year-to-Date the stock performance stands at 32.73%.

Currently the company Insiders own 0.36% of CSX Corporation shares according to the proxy statements. Institutional Investors own 69.47% of CSX Corporation shares. Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Clarence W Gooden (President) sold 28,587 shares at 36.92 per share price.On Oct 19, 2016, Michael J Ward (Chairman and CEO) sold 300,000 shares at 30.97 per share price.On Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at 26.84 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.CSX Corporation was Upgraded by TD Securities to Buy on Jan 30, 2017. Company shares were Reiterated by Barclays on Jan 30, 2017 to Overweight, Raises Price Target to $ 50 from a previous price target of $41 .Company shares were Reiterated by RBC Capital Mkts on Jan 27, 2017 to Outperform, Raises Price Target to $ 65 from a previous price target of $42 .Company shares were Upgraded by UBS on Jan 25, 2017 to Buy, Raises Price Target to $ 57 from a previous price target of $38 .CSX Corporation was Downgraded by Deutsche Bank on Jan 20, 2017 to Hold, Price Target of the shares are set at $42.

CSX Corporation Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.49 EPS for the quarter. Analyst had a consensus estimate of $0.49. The company had revenue of $2859.00 million for the quarter, compared to analysts expectations of $2864.35 million. The companys revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

CSX Corporations unique combination of rail, container-shipping, intermodal and logistics services provides global reach thats second to none. The companys goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.



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