CSX's Dividend Payouts Boost Prospects Amid Cost Concerns

CSX Corporation’s (CSX) efforts to reward its shareholders through dividends and buybacks are commendable. The company anticipates low to mid-single-digit volume growth in 2024, propelled by robust performances in the merchandise, intermodal and coal units.Factors Favoring CSXCSX's top line was boosted by higher export coal and domestic shipments, with a 3% coal volume increase in 2023. The company expects further growth with high export coal prices and fuel surcharge revenues.CSX’s commitment to reward its ...