CSX Rewards Shareholders With a Dividend Increase of 8.3%

Group 1: Dividend Increase Announcement - CSX Corporation has announced a 9.1% increase in its quarterly cash dividend, raising it from 12 cents to 13 cents per share, effective March 14, 2025 [1] - This decision reflects CSX's strategy to utilize free cash to enhance shareholder returns [1] Group 2: Shareholder Rewards - In 2024, CSX rewarded shareholders with cash dividends totaling $930 million and share repurchases amounting to $2.24 billion [2] - In 2023, the company paid $882 million in dividends and repurchased shares worth $3.48 billion [2] - In 2022, CSX's shareholder rewards included $852 million in dividends and $4.73 billion in share repurchases [2] Group 3: Market Position and Confidence - The increase in the quarterly dividend payout indicates CSX's commitment to boosting shareholder value and reflects confidence in its business operations [4] - Such shareholder-friendly initiatives are believed to enhance investor confidence in the company [4] Group 4: Industry Context - CSX is not alone in the transportation sector, as other companies like Wabtec Corporation and United Parcel Service have also announced dividend hikes recently [4][5][6]