I’m a little behind with this announcement since I’ve been on vacation. Better late than never. Even while I’m not working, I’ve got companies working for me and giving me a pay raise!
NSC announced 07/22 a quarterly dividend increase from $0.54 to $0.57 per share that’s payable Sept. 10, 2014 to holders of record as of August 1, 2014. This is a 6% increase. NSC is one of the two railroads I own, CSX being the other. I’ve done well with this stock and plan to hold for the long-term. Since 1982, NSC has paid 128 quarters of dividends and 14 consecutive years of raises!
Since I own 72 shares this will increase my yearly dividends by $8.64. This is the 26th stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.