The company is targeting a compound annual earnings per share growth rate of 18 to 20 percent in that time, bolstered by a compound annual growth rate of 12 to 14 percent in operating income.
Coal shipments and intermodal markets are key drivers of CSX business. Intermodal refers to the shipments of goods in containers that can be moved from one form of transportation to another, such as from rail to ship.
Chief Financial Officer Oscar Munoz said CSX expects to reinvest an average of 18 percent of its revenues back into its business through 2015. It has invested $8.3 billion between the start of 2006 through 2010.
The company plans to base future dividends on a payout ratio of 30 to 35 percent of EPS as measured on a trailing 12-month basis, and expects share repurchases of about $1 billion annually after its current $2 billion program is completed. (Reuters)
