JACKSONVILLE, Fla., June 04, 2021 (GLOBE NEWSWIRE) – CSX Corporation (NASDAQ: CSX) today announced that its board of directors has approved a 3-for-1 stock split to be distributed to shareholders as a dividend in actions. Each shareholder of record at the close of business on June 18, 2021 will receive two additional common shares of CSX for each share held on that date of listing. The new shares will be distributed on June 28, 2021.
The regular quarterly cash dividend of $ 0.28 per share payable on June 15, 2021 will not be affected by the stock split. Based on the current dividend rate, the post-split quarterly dividend on the company’s common stock would be $ 0.093 * per share.
*On a post-split basis, the dividend will be calculated to six decimal places to get as close as possible to the current dividend amount.
About CSX and its disclosures
CSX, based in Jacksonville, Florida, is a leading transportation company. It provides rail, intermodal and rail-to-truck transshipment services and solutions to customers in a wide range of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a vital role in the country’s economic expansion and industrial development. Its network connects all of the major metropolitan areas in the eastern United States, where nearly two-thirds of the country’s population reside. It also connects more than 230 local railways and more than 70 sea, river and lake ports with major population centers and agricultural towns.
This announcement, along with additional financial information, is available on the Company’s website at http://investors.csx.com. CSX also uses social media channels to communicate company information. While social media channels are not intended to be the primary method of disclosing material information, it is possible that certain information published by CSX on social media may be considered material. Therefore, we encourage investors, the media and others interested in the business to review the information we post on Twitter (http://twitter.com/CSX) and on Facebook (http://www.facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time. Further information on CSX Corporation and its subsidiaries is available at www.csx.com.
Bill Slater, Investor Relations
Bryan Tucker, Corporate Communications