CSX announced yesterday a a dividend increase in the second quarter dividend by 7% from $0.15 to $0.16 per share that’s payable June 13, 2014 to holders of record May 28, 2014.
This would mark their 10th consecutive yearly increase which will move them up to Contender status.
Since I own 200 shares this will increase my yearly dividends by $8.00. This is the 14th stock in my portfolio to increase their dividend already this year.
Congrats AAI.
Pay raises are always welcomed 🙂
I am still on the lookout to buy railroads. Will be looking for a good entry point.
cheers
R2R
R2R,
Indeed, it’s what makes a DG investor. I look forward to these raises. It’s one of my favorite things to track.
I also love the railroads but they have gone on a nice run after the bad reports on coal volumes. I’m sure there will be another opportunity to buy around the corner.
Take care!
I noticed the dividend increase and I also noticed the drop in share price today. I guess the modest full-year earnings growth is a turn off. I would like to add more to my position and I think $24 would be a good price.
Hi ADY,
At $24, I’d probably buy another block of 100 also. They are a great company but the key is buying at the right price.
Take care!