CSX Announces Dividend and Share Repurchase Program

On February 12, CSX Corporation (CSX) announced that the company would increase its quarterly dividend paid to shareholders in March from $0.20 to $0.22. In addition, the Board of Directors authorized an increase in the current share repurchase program. CSX expects to complete its $5 billion share repurchase program by the end of 2019.

 

Sonal got the news and issued an alert to subscribers at 9:00 am. The next trade took place at 9:02 am for $51.58. Regular market trading opened for the day at $51.51. The stock price had a spike before pulling back shortly after the market opened. Then, the stock priced trended higher throughout the rest of the day until the market close at $53.16.

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