CSX Announces Stock Split
Jacksonville based corporation, CSX, announced earlier this month that it has approved a stock split of 3 for 1. In addition, the company committed to increasing the quarterly dividend of its common stock by 38 percent. CSX also plans to initiate a program to buy back over $2 billion of corporate shares.
Over the last four years, the railway company has invested over $8 billion in its various business enterprises, and raised its dividend by 300 percent, which allowed it to already repurchase over $5 billion of its shares.
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