Norfolk Southern Corp. (NSC) Declares Quarterly Dividend of $0.52
Norfolk Southern Corp. (NYSE:NSC) declared a quarterly dividend on Tuesday, October 22nd, AnalystRatings.NET reports. Shareholders of record on Friday, November 1st will be given a dividend of $0.52 per share on Tuesday, December 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.60%.
A number of research firms have recently commented on NSC. Analysts at RBC Capital downgraded shares of Norfolk Southern Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, October 17th. They now have a $89.00 price target on the stock, down previously from $94.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Norfolk Southern Corp. in a research note to investors on Thursday, October 3rd. They now have a $82.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Norfolk Southern Corp. from $72.00 to $79.00 in a research note to investors on Wednesday, October 2nd. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Norfolk Southern Corp. has a consensus rating of “Hold” and a consensus target price of $83.10.
Norfolk Southern Corp. (NYSE:NSC) traded up 0.46% on Tuesday, hitting $80.37. The stock had a trading volume of 1,322,798 shares. Norfolk Southern Corp. has a one year low of $56.05 and a one year high of $81.00. The stock has a 50-day moving average of $77.25 and a 200-day moving average of $75.92. The company has a market cap of $25.072 billion and a price-to-earnings ratio of 14.79.
Norfolk Southern Corporation (NYSE:NSC) is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.
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