NEW YORK ( TheStreet) -- The ex-dividend date for Norfolk Southern Corporation (NYSE: NSC) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $72.87 as of 9:30 a.m. ET, the dividend yield is 2.6%. The average volume for Norfolk Southern has been 3.7 million shares per day over the past 30 days. Norfolk Southern has a market cap of $25.47 billion and is part of the services sector and transportation industry. Shares are up 0.1% year to date as of the close of trading on Monday. 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 12.7, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Norfolk Southern as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Norfolk Southern Ratings Report. See our dividend calendar or top-yielding stocks list.