Thursday, May 5, 2011

CSX Railroad Announces Stock Split, Dividend Increase, Share Buyback

(Reuters) U.S. railroad operator CSX Corp (CSX.N) announced on Wednesday a 3-for-1 stock split, a 38 percent quarterly dividend increase and a $2 billion share repurchase program.
The quarterly dividend was raised to 36 cents, or 12 cents per share on a post-split basis. It is payable on June 15 for holders as of the May 31 close. Continued

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