Container removal from the ship that crashed into the collapsed Key Bridge is underway but will take weeks, a key process for reopening the Port of Baltimore.
Coal and commodities are flowing out of Maryland on CSX Corp. railcars during the indefinite closure of the Port of Baltimore. The port accounted for 28% of coal exports in the United States in 2023, according to census data, second only to Norfolk, Virginia. The railroad giant said Wednesday that it is transporting freight that would typically flow through the port to New York through .
CSX Corp (NASDAQ:CSX) recently announced a dividend of $0.12 per share, payable on 2024-03-15, with the ex-dividend date set for 2024-02-28. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into CSX Corp's dividend performance and assess its sustainability.