Norfolk Southern Stock To Go Ex-dividend Tomorrow (NSC)

NEW YORK (TheStreet) -- The ex-dividend date for Norfolk Southern Corporation (NYSE:NSC) is tomorrow, August 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $75.15 as of 10:05 a.m. ET, the dividend yield is 2.7%.

The average volume for Norfolk Southern has been 2.2 million shares per day over the past 30 days. Norfolk Southern has a market cap of $23.87 billion and is part of the services sector and transportation industry. Shares are up 2.6% year to date as of the close of trading on Tuesday.

Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. The company has a P/E ratio of 12.8, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Norfolk Southern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Norfolk Southern Ratings Report.

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