The Traderszone Network

Published in TZ Latest News 1 July, 2015 by The TZ Newswire Staff

Rail Slump To Continue? CSX Bases Ahead Of Q2 Results

The rail transportation industry is stuck in the cellar of IBD’s 197 industry groups, and the Dow Jones transportation index topped back in November. But rail operator CSX (CSX) has held up better than many of its peers, partly because of a stout 2.2% dividend yield. In April, along with healthy Q1 results, CSX announced a 13% hike in its quarterly dividend to 18 cents a share.

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