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Norfolk Southern Corporation (NSC)
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NSC Dividends

Norfolk Southern Corporation (NSC) pays $5.40 in dividends per share, with a current dividend yield of 1.74%.

NSC Dividend Summary

Consecutive Years

0

Most Recent Ex-Date

May 8, 2026

Most Recent Payment

May 20, 2026

NSC Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

NSC Dividends CAGR Chart

Norfolk Southern Corporation (NSC)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$2.70
2025$5.40+0.00%
2024$5.40+0.00%
2023$5.40+8.87%
2022$4.96+19.23%
2021$4.16+10.64%
2020$3.76+4.44%
2019$3.60+18.42%
2018$3.04+24.59%
2017$2.44+3.39%
2016$2.36N/A
2015$2.95N/A
2014$2.22+8.82%
2013$2.04+5.15%
2012$1.94+16.87%
2011$1.66+18.57%
2010$1.40+2.94%
2009$1.36+11.48%
2008$1.22+27.08%
2007$0.96+41.18%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$1.35+0.00%
Q1 2026$1.35+0.00%
Q4 2025$1.35+0.00%
Q3 2025$1.35+0.00%
Q2 2025$1.35+0.00%
Q1 2025$1.35+0.00%
Q4 2024$1.35+0.00%
Q3 2024$1.35+0.00%
Q2 2024$1.35+0.00%
Q1 2024$1.35+0.00%
Q4 2023$1.35+8.87%
Q3 2023$1.35+8.87%
Q2 2023$1.35+8.87%
Q1 2023$1.35+8.87%
Q4 2022$1.24+13.76%
Q3 2022$1.24+13.76%
Q2 2022$1.24+25.25%
Q1 2022$1.24+25.25%
Q4 2021$1.09+15.96%
Q3 2021$1.09+15.96%
Q2 2021$0.99+5.32%
Q1 2021$0.99+5.32%
Q4 2020$0.94+0.00%
Q3 2020$0.94+0.00%

Dividend Yield Metrics

Current Yield
1.74%
Average Yield (TTM)
1.74%
Average Yield (3Y)
1.74%
Forward Yield on Cost (3Y)
2.26%
Forward Yield on Cost (5Y)
2.69%
Forward Yield on Cost (10Y)
4.15%

Payout Ratio Analysis

Payout Ratio (Current)
42.35%
FCF Payout Ratio
31.76%
Payout Ratio (3Y Avg)
52.05%
Payout Ratio (5Y Avg)
45.20%
FCF Payout (3Y Avg)
92.32%
FCF Payout (5Y Avg)
73.01%

Dividend Coverage

Payout Ratio
42.4%
Dividends / net income
FCF Payout Ratio
31.8%
Dividends / free cash flow
Consecutive Years
N/A
Years with regular dividend payments
5Y Dividend Growth
7.5%
Compound annual dividend growth

About Norfolk Southern Corporation

Norfolk Southern Corporation (NSC), operating through its various subsidiaries, is a prominent rail transport provider in the United States. The company's core business involves the conveyance of raw materials, semi-finished goods, and completed merchandise across the nation. Its extensive freight services cover a broad spectrum of commodities. This includes a variety of agricultural and forestry products like grains (e.g., soybeans, wheat, corn), fertilizers, animal feeds, and diverse foodstuffs such as oils, flour, sweeteners, beverages, and canned goods, alongside lumber and paper products. NSC also handles a wide range of chemicals, from sulfur and petroleum derivatives to chlorine compounds, plastics, industrial chemicals, and sand. Furthermore, the company moves metals and construction supplies, including steel, aluminum, heavy machinery, cement, aggregates, and specialized military equipment. Transportation of both finished motor vehicles and automotive components is a significant segment, as is the consistent shipment of coal. Beyond its principal freight operations, Norfolk Southern facilitates global trade by connecting with various Atlantic and Gulf Coast ports for overseas cargo. The corporation also manages an expansive intermodal network and offers commuter passenger rail services. As of the close of 2021, the company's vast railway infrastructure extended over roughly 19,300 route miles, serving 22 states and the District of Columbia. Norfolk Southern Corporation, originally incorporated in 1980, is based in Atlanta, Georgia.

Atlanta, GA
19,600 employees
Industrials / Railroads
Sector
Industrials
Industry
Railroads
CEO
Mark R. George