The quarterly dividend, which increases from $0.24 to $0.26 per share, is payable on December 15, 2010 to stockholders of record on November 30, 2010.' This marks CSX's eighth increase during the past five years.
'As we meet our customers' growing transportation needs, we are able to provide strong returns to our shareholders,' said Michael J. Ward, chairman, president and chief executive officer.' 'Today's announcement is consistent with our commitment to doing both things well.'