Norfolk Southern: Dividend Insights
Portfolio Pulse from Benzinga Insights
Norfolk Southern (NYSE:NSC) has announced a quarterly dividend of $1.35 per share. The stock will go ex-dividend on Thursday, meaning it will likely open $1.35 lower than usual. Shareholders who own NSC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 20, 2023.
October 30, 2023 | 2:45 pm
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NEUTRAL IMPACT
Norfolk Southern's announcement of a $1.35 per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a regular part of the dividend process and does not reflect negatively on the company's performance. Investors who own the stock prior to the ex-dividend date are eligible for the dividend, which can be reinvested or used in other ways.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100