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JACKSONVILLE - CSX Corp. (NASDAQ:CSX) announced Wednesday that its Board of Directors has approved a quarterly dividend of $0.13 per share on the company’s common stock.
The dividend will be payable on December 15, 2025, to shareholders of record at the close of business on November 28, 2025, according to a press release statement.
CSX, headquartered in Jacksonville, Florida, provides rail, intermodal and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural, and consumer products.
The transportation company operates a network that connects major metropolitan areas throughout the eastern United States, where approximately two-thirds of the nation’s population resides. The network also links more than 240 short-line railroads and over 70 ocean, river and lake ports with population centers and farming communities.
CSX has been in operation for nearly 200 years, playing a role in the economic expansion and industrial development of the United States.
In other recent news, CSX has reopened its Blue Ridge Subdivision freight line, which had been out of service for nearly a year due to extensive damage from Hurricane Helene. This 60-mile route is crucial for CSX, carrying over 14 million tons of freight annually. In leadership developments, CSX has appointed Steve Angel as the new President and CEO, replacing Joe Hinrichs. This leadership change has been met with positive reactions from Ancora Holdings Group, which anticipates potential merger and acquisition activities under Angel’s leadership.
Following the CEO appointment, BofA Securities raised its price target for CSX to $41, maintaining a Buy rating. Jefferies also increased its price target to $40, citing strong momentum and improved service levels. Meanwhile, BMO Capital reiterated its Market Perform rating and maintained a $38 price target on CSX after the leadership transition. These updates reflect a period of significant activity and strategic shifts for CSX.
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