CSX approves $0.13 quarterly dividend payable in September

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 September 15, 2025, to shareholders of record as of the close of business on August 29, 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 connecting 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 operating for nearly 200 years, playing a role in the country’s economic and industrial development.

In other recent news, CSX Corporation reported developments that could impact its future operations and financial performance. RBC Capital raised its price target for CSX to $32, maintaining a Sector Perform rating, while adjusting its earnings estimates for the company. The firm’s earnings estimate for the second quarter was lowered to $0.42 per share, aligning with the consensus estimate, and its 2026 earnings forecast was reduced to $1.98 per share, although this remains above the consensus of $1.92. Meanwhile, Goldman Sachs downgraded CSX’s stock rating from Buy to Neutral, citing potential economic challenges and industry-specific headwinds, while maintaining a price target of $35.

CSX recently secured new five-year collective bargaining agreements with the Brotherhood of Locomotive Engineers and Trainmen, as well as two other unions, covering a significant portion of its workforce. These agreements include wage increases and health improvements, reflecting CSX’s commitment to enhancing employee relations. In a legal setback, the U.S. Supreme Court declined to hear CSX’s appeal in an antitrust case against Norfolk Southern, which involved allegations of restricted access to a crucial terminal.

These developments highlight CSX’s ongoing efforts in labor negotiations and legal challenges, alongside analyst evaluations of its financial outlook. As the company navigates these changes, investors will likely focus on its upcoming earnings call for insights into operational efficiency and margin improvements.

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