CSX Corporation (CSX) recently gave shareholders a raise, increasing its quarterly dividend by . The new dividend of $0.16 per share is a $0.01 increase over the old rate of $0.15. This marks eight years of consecutive dividend raises for the railroad company. I’m a fan of railroads in general due to the huge competitive advantages they have since it’s nigh impossible to just go out and start a new railroad business tomorrow; the barriers to entry on building new track are just too high. This was a prudent, if conservative, raise by management, but the payout ratio remains low at 36.2%, which gives management flexibility in multiple business cycles. The yield, however, is a bit low as well here at 2.27%.
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Div4Son, It'll be a busy weekend of sitting ... - Div4Son, It'll be a busy weekend of sitting around the house with the little one. Although there's honestly no place I'd rather be. Thanks for stopping by!
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