CSX to Boost Dividend 8%

CSX Corp. said it would raise its quarterly dividend 8% to 26 cents per share, from the previous 24 cents.

The increase marks the eighth dividend increase in the past five years, the railroad said Wednesday

“As we meet our customers’ growing transportation needs, we are able to provide strong returns to our shareholders,” said Michael Ward, chairman and CEO of CSX, which operates mainly in the eastern United States.

The dividend will be paid Dec. 15 to stockholders of record on Nov. 30.