CSX Corp, a leading transportation company, has been a significant player in the railroad industry for decades.
Investors keen on understanding the intricacies of CSX Corp’s stock may find themselves delving into various aspects such as stock performance, dividends, forecasts, stock splits, and earnings.
In this article, we will provide a detailed exploration of CSX Corp and its stock, shedding light on key points that investors should consider.
CSX Corp Overview
CSX Corp, headquartered in Jacksonville, Florida, is a major North American transportation and logistics company. The company operates an extensive rail network, providing freight transportation services across the eastern United States and parts of Canada.
With a rich history dating back to the early 19th century, CSX Corp has evolved into a powerhouse in the railroad industry.
CSX Corp is a component of the Nasdaq 100 (US 100).
CSX Stock Performance
Investors are often keenly interested in the performance of a company’s stock. CSX Corp’s stock (NYSE: CSX) has witnessed fluctuations in line with broader market trends and industry dynamics.
Understanding the historical performance of CSX stock is crucial for investors looking to make informed decisions. Factors such as market trends, economic conditions, and industry-specific developments can influence the stock’s value.
CSX Stock Dividend
For income-focused investors, dividends play a pivotal role. CSX Corp has a history of paying dividends to its shareholders. Analyzing the dividend history, yield, and the company’s dividend policy can provide insights into the income potential for investors.
Additionally, examining the sustainability of dividends in relation to the company’s earnings is crucial for a comprehensive understanding of the investment opportunity.
CSX Dividend History
- EX-DIVIDEND DATE 08/30/2023
- DIVIDEND YIELD 1.4%
- ANNUAL DIVIDEND $0.44
- P/E RATIO 16.82
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE | PAYMENT DATE |
|---|---|---|---|---|---|
| 11/29/2023 | CASH | $0.11 | 10/11/2023 | 11/30/2023 | 12/15/2023 |
| 08/30/2023 | CASH | $0.11 | 07/12/2023 | 08/31/2023 | 09/15/2023 |
| 05/30/2023 | CASH | $0.11 | 05/10/2023 | 05/31/2023 | 06/15/2023 |
| 02/27/2023 | CASH | $0.11 | 02/14/2023 | 02/28/2023 | 03/15/2023 |
| 11/29/2022 | CASH | $0.10 | 10/05/2022 | 11/30/2022 | 12/15/2022 |
| 08/30/2022 | CASH | $0.10 | 07/13/2022 | 08/31/2022 | 09/15/2022 |
| 05/27/2022 | CASH | $0.10 | 05/04/2022 | 05/31/2022 | 06/15/2022 |
| 02/25/2022 | CASH | $0.10 | 02/16/2022 | 02/28/2022 | 03/15/2022 |
| 11/29/2021 | CASH | $0.093333 | 10/06/2021 | 11/30/2021 | 12/15/2021 |
| 08/30/2021 | CASH | $0.093333 | 07/23/2021 | 08/31/2021 | 09/15/2021 |
| 05/27/2021 | CASH | $0.28 | 05/07/2021 | 05/31/2021 | 06/15/2021 |
| 02/25/2021 | CASH | $0.28 | 02/10/2021 | 02/26/2021 | 03/15/2021 |
| 11/27/2020 | CASH | $0.26 | 10/07/2020 | 11/30/2020 | 12/15/2020 |
| 08/28/2020 | CASH | $0.26 | 07/08/2020 | 08/31/2020 | 09/15/2020 |
| 05/28/2020 | CASH | $0.26 | 05/06/2020 | 05/29/2020 | 06/15/2020 |
| 02/27/2020 | CASH | $0.26 | 02/12/2020 | 02/28/2020 | 03/13/2020 |
CSX Stock Forecast
Predicting the future performance of a stock involves assessing various factors, including industry trends, economic conditions, and company-specific strategies.
A CSX stock forecast involves analyzing these variables to provide investors with insights into potential future returns. Analyst opinions, market research, and the company’s strategic initiatives all contribute to shaping a forecast for CSX Corp’s stock.
Twenty-five analysts have provided 12-month price forecasts for CSX Corp. The median target is set at 37.00, with a high estimate of 42.00 and a low estimate of 25.00. This median estimate reflects a 16.98% increase from the most recent price of 31.63.
CSX Stock Split
Stock splits are corporate actions that can impact the number of shares outstanding and the stock’s price. Understanding the rationale behind a stock split and its implications for investors is essential.
CSX Corp’s historical stock split events, if any, and the company’s approach to such actions can provide investors with valuable information regarding the stock’s dynamics.
Stock split list
| Date | Split | Multiple | Cumulative multiple |
|---|---|---|---|
| 2021-06-29 | 3:1 | x3 | x108 |
| 2011-06-16 | 3:1 | x3 | x36 |
| 2006-08-16 | 2:1 | x2 | x12 |
| 1995-12-22 | 2:1 | x2 | x6 |
| 1983-10-26 | 3:1 | x3 | x3 |
CSX Stock Earnings
Earnings reports are critical for investors assessing the financial health and performance of a company. CSX Corp’s stock earnings, reported quarterly and annually, offer insights into revenue, profitability, and future growth prospects.
Investors often scrutinize these reports to gauge the company’s ability to generate returns and sustain dividends.
Conclusion
Investing in CSX Corp and its stock requires a holistic understanding of the company’s operations, historical performance, and future prospects.
By delving into aspects such as stock performance, dividends, forecasts, stock splits, and earnings, investors can make well-informed decisions that align with their investment goals and risk tolerance.
As with any investment, thorough research and a clear understanding of the factors influencing CSX Corp are essential for navigating the tracks of investment successfully.
