Norfolk Southern Stock To Go Ex-dividend Tomorrow (NSC)
The ex-dividend date for Norfolk Southern Corporation (NYSE:NSC) is tomorrow, May 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $76.64 as of 9:31 a.m., the dividend yield is 2.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Norfolk Southern Corporation (NYSE: NSC) is tomorrow, May 1, 2013. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $76.64 as of 9:31 a.m. ET, the dividend yield is 2.6%. The average volume for Norfolk Southern has been 2.3 million shares per day over the past 30 days. Norfolk Southern has a market cap of $23.9 billion and is part of the services sector and transportation industry. Shares are up 22.2% year to date as of the close of trading on Monday. Norfolk Southern Corporation engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company has a P/E ratio of 13.7, 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 increase in net income, attractive valuation levels, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.