This Railway Stock's Earnings Point to Attractive Total Return Potential
East Coast and Midwestern railroad giant Norfolk Southern (NYSE: NSC) shared its fourth-quarter and full-year earnings scorecard with investors Wednesday. The company's results mirrored those of its rail freight peers: Revenue declined due to lower volume courtesy of COVID-19, while operating efficiency increased thanks to the company's implementation of the principles of precision scheduled railroading, or PSR.
Norfolk Southern also announced it was increasing its quarterly dividend by 5% to $0.99 a share. The next payout will be the railroad's 154th consecutive quarterly dividend. Management made one additional announcement regarding the dividend that points to an improved total return potential for income investors -- and which we'll discuss following a review of the quarterly numbers.
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Source Fool.com
