Norfolk Southern (Norfolk Southern) Dividend Payout Ratio

: 0.48 (As of Dec. 2023)

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Norfolk Southern's dividend payout ratio for the months ended in Dec. 2023 was 0.48.

The historical rank and industry rank for Norfolk Southern's Dividend Payout Ratio or its related term are showing as below:

NSC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.34 Max: 0.46
Current: 0.45

During the past 13 years, the highest Dividend Payout Ratio of Norfolk Southern was 0.46. The lowest was 0.13. And the median was 0.34.

NSC's Dividend Payout Ratio is ranked worse than
55.62% of 525 companies
in the Transportation industry
Industry Median: 0.4 vs NSC: 0.45

As of today (2024-04-23), the Dividend Yield % of Norfolk Southern is 2.18%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Norfolk Southern was 3.44%. The lowest was 1.31%. And the median was 2.01%.

Norfolk Southern's Dividends per Share for the months ended in Dec. 2023 was $1.35.

During the past 12 months, Norfolk Southern's average Dividends Per Share Growth Rate was 8.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Norfolk Southern was 38.70% per year. The lowest was -33.10% per year. And the median was 9.05% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Norfolk Southern Dividend Payout Ratio Historical Data

The historical data trend for Norfolk Southern's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Norfolk Southern Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.34

0.41

0.33

0.35

0.46

Norfolk Southern Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.37	0.38	0.46	0.51	0.48

Competitive Comparison

For the Railroads subindustry, Norfolk Southern's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Norfolk Southern Dividend Payout Ratio Distribution

For the Transportation industry and Industrials sector, Norfolk Southern's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Norfolk Southern's Dividend Payout Ratio falls into.

Norfolk Southern Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Norfolk Southern's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	5.4	/	11.74
	=	0.46

Norfolk Southern's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.35	/	2.83
	=	0.48

Norfolk Southern (NYSE:NSC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Norfolk Southern Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Norfolk Southern's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Norfolk Southern (Norfolk Southern) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norfolk Southern Corp (NYSE:NSC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

NSC:Mexico NFS:Germany NFS:Germany N1SC34:Brazil NSCO:Austria

Address

650 West Peachtree Street NW, Atlanta, GA, USA, 30308

Website

http://www.norfolksouthern.com

Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the firm hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

Executives

Phillip S Davidson	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Francesca A. Debiase	director	MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET, CHICAGO IL 60607
Alan H. Shaw	officer: EVP & Chief Marketing Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Paul B Duncan	officer: EVP & Chief Operating Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
James A Squires	officer: Sr. V.P. - Law	650 W PEACHTREE ST NW, ATLANTA GA 30308
Steven F Leer	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Nabanita C Nag	officer: SVP and Chief Legal Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Claiborne L Moore	officer: Vice President and Controller	650 W PEACHTREE ST NW, ATLANTA GA 30308
Lorri J Kleine	officer: SVP & Chief Legal Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Claude E Elkins	officer: EVP & Chief Marketing Officer	650 W. PEACHTREE ST, NW, ATLANTA GA 30308
Allison Clyde H Jr	officer: Vice President and Controller	650 W PEACHTREE ST NW, ATLANTA GA 30308
Ann A Adams	officer: EVP-Chief Transform. Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Cynthia M Sanborn	officer: EVP & Chief Operating Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Michael Joseph Wheeler	officer: Sr. Vice President Operations	THREE COMMERCIAL PLACE, 13TH FLOOR, NORFOLK VA 23510
Christopher T Jones	director	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042