Norfolk Southern Corp

NYSE : NSC
USA·Industrials·Transportation·Ordinary Shares
$326.92
−3.44 (−1.02%)Oct 16 close
Market Cap
$73.42B
Enterprise Value
$88.96B
P/E (TTM)
27.89
P/B
4.52
Net Cash / (Debt)
−$15.55B
52-Week Range
$277 — $353
5-Year Range
$185 — $353
Avg Volume (3M)
1.18M
ListingsNYSELTSMEXWBOSTU
Dividend Yield (TTM)
1.65%
vs 5Y avg 2.03% · 10Y avg 1.93%
Dividend Yield (Forward)
1.65%
4 payments/yr (spacing)
Dividends / Share (TTM)
$5.40
Forward (annualized): $5.40
Payout Ratio (EPS, TTM)
46.1%
Payout Ratio (FCF, TTM)
74.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y2.9%5Y7.5%10Y8.6%
Consecutive Growth Years
0
as of 2025
Years Without a Cut
24
as of 2025
Total Shareholder Yield (TTM)
1.73%
Div 1.61% + Net buyback 0.12%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
1.7%
Dividends 1.6% + Net buybacks 0.1%
Net Buyback (TTM)
$87M
Gross $87M − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is decelerating (0.0% latest vs 9.4% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20255.400.0%0
20245.400.0%0
20235.40+8.9%1
20224.96+19.2%1
20214.16+10.6%2
20203.76+4.4%0
20193.60+18.4%2
20183.04+24.6%2
20172.44+3.4%1
20162.360.0%0
20152.36+6.3%1
20142.22+8.8%2
20132.04+5.2%1
20121.94+16.9%2
20111.66+18.6%2

Special dividends are excluded from these figures. Based on 163 regular payments.

Payment history (163 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-08-07$1.35–0.0%Cashquarterly2026-07-212026-08-072026-08-20
2026-05-08$1.35–0.0%Cashquarterly2026-04-232026-05-082026-05-20
2026-02-06$1.35–0.0%Cashquarterly2026-01-272026-02-062026-02-20
2025-11-07$1.35–0.0%Cashquarterly2025-10-222025-11-072025-11-20
2025-08-01$1.35–0.0%Cashquarterly2025-07-212025-08-012025-08-20
2025-05-02$1.35–0.0%Cashquarterly2025-04-222025-05-022025-05-20
2025-02-07$1.35–0.0%Cashquarterly2025-01-282025-02-072025-02-20
2024-11-01$1.35–0.0%Cashquarterly2024-10-182024-11-012024-11-20
2024-08-02$1.35–0.0%Cashquarterly2024-07-232024-08-022024-08-20
2024-05-02$1.35–0.0%Cashquarterly2024-04-232024-05-032024-05-20
2024-02-01$1.35–0.0%Cashquarterly2024-01-242024-02-022024-02-20
2023-11-02$1.35–0.0%Cashquarterly2023-10-242023-11-032023-11-20
2023-08-03$1.35–0.0%Cashquarterly2023-07-252023-08-042023-08-21
2023-05-04$1.35–0.0%Cashquarterly2023-04-252023-05-052023-05-20
2023-02-02$1.35–+8.9%Cashquarterly2023-01-232023-02-032023-02-21
2022-11-03$1.24–0.0%Cashquarterly2022-10-252022-11-042022-11-21
2022-08-05$1.24–0.0%Cashquarterly2022-07-292022-08-082022-08-20
2022-05-05$1.24–0.0%Cashquarterly2022-04-262022-05-062022-05-20
2022-02-03$1.24–+13.8%Cashquarterly2022-01-252022-02-042022-02-21
2021-11-04$1.09–0.0%Cashquarterly2021-10-262021-11-052021-11-19
2021-08-06$1.09–+10.1%Cashquarterly2021-07-302021-08-092021-08-20
2021-05-06$0.99–0.0%Cashquarterly2021-04-272021-05-072021-05-20
2021-02-04$0.99–+5.3%Cashquarterly2021-01-272021-02-052021-03-10
2020-11-05$0.94–0.0%Cashquarterly2020-10-272020-11-062020-12-10
2020-08-06$0.94–0.0%Cashquarterly2020-07-282020-08-072020-09-10
2020-05-07$0.94–0.0%Cashquarterly2020-04-282020-05-082020-06-10
2020-02-06$0.94–0.0%Cashquarterly2020-01-282020-02-072020-03-10
2019-10-31$0.94–0.0%Cashquarterly2019-10-222019-11-012019-12-10
2019-08-02$0.94–+9.3%Cashquarterly2019-07-262019-08-052019-09-10
2019-05-02$0.86–0.0%Cashquarterly2019-04-232019-05-032019-06-10
2019-02-01$0.86–+7.5%Cashquarterly2019-01-232019-02-042019-03-11
2018-11-01$0.8–0.0%Cashquarterly2018-10-232018-11-022018-12-10
2018-08-03$0.8–+11.1%Cashquarterly2018-07-272018-08-062018-09-10
2018-05-03$0.72–0.0%Cashquarterly2018-04-252018-05-042018-06-11
2018-02-01$0.72–+18.0%Cashquarterly2018-01-232018-02-022018-03-10
2017-11-02$0.61–0.0%Cashquarterly2017-10-242017-11-032017-12-11
2017-08-03$0.61–0.0%Cashquarterly2017-07-282017-08-072017-09-11
2017-05-03$0.61–0.0%Cashquarterly2017-04-252017-05-052017-06-10
2017-02-01$0.61–+3.4%Cashquarterly2017-01-242017-02-032017-03-09
2016-11-02$0.59–0.0%Cashquarterly2016-10-252016-11-042016-12-10
2016-08-04$0.59–0.0%Cashquarterly2016-07-292016-08-082016-09-10
2016-05-04$0.59–0.0%Cashquarterly2016-04-192016-05-062016-06-10
2016-02-03$0.59–0.0%Cashquarterly2016-01-262016-02-052016-03-10
2015-11-04$0.59–0.0%Cashquarterly2015-10-272015-11-062015-12-10
2015-08-05$0.59–0.0%Cashquarterly2015-07-242015-08-072015-09-10
2015-05-06$0.59–0.0%Cashquarterly2015-04-282015-05-082015-06-10
2015-02-04$0.59–+3.5%Cashquarterly2015-01-232015-02-062015-03-10
2014-11-05$0.57–0.0%Cashquarterly2014-10-212014-11-072014-12-10
2014-07-30$0.57–+5.6%Cashquarterly2014-07-222014-08-012014-09-10
2014-04-30$0.54–0.0%Cashquarterly2014-04-222014-05-022014-06-10
2014-02-05$0.54–+3.8%Cashquarterly2014-01-212014-02-072014-03-10
2013-10-30$0.52–0.0%Cashquarterly2013-10-222013-11-012013-12-10
2013-07-31$0.52–+4.0%Cashquarterly2013-07-242013-08-022013-09-10
2013-05-01$0.5–0.0%Cashquarterly2013-04-232013-05-032013-06-10
2013-01-30$0.5–0.0%Cashquarterly2013-01-222013-02-012013-03-11
2012-10-31$0.5–0.0%Cashquarterly2012-10-232012-11-022012-12-10
2012-08-09$0.5–+6.4%Cashquarterly2012-08-032012-08-132012-09-10
2012-05-02$0.47–0.0%Cashquarterly2012-04-252012-05-042012-06-11
2012-02-01$0.47–+9.3%Cashquarterly2012-01-252012-02-032012-03-10
2011-11-02$0.43–0.0%Cashquarterly2011-10-262011-11-042011-12-10
2011-08-03$0.43–+7.5%Cashquarterly2011-07-272011-08-052011-09-10
2011-05-04$0.4–0.0%Cashquarterly2011-04-272011-05-062011-06-10
2011-02-02$0.4–+11.1%Cashquarterly2011-01-262011-02-042011-03-10
2010-11-03$0.36–0.0%Cashquarterly2010-10-272010-11-052010-12-10
2010-08-04$0.36–+5.9%Cashquarterly2010-07-282010-08-062010-09-10
2010-05-05$0.34–0.0%Cashquarterly2010-04-282010-05-072010-06-10
2010-02-03$0.34–0.0%Cashquarterly2010-01-272010-02-052010-03-10
2009-11-04$0.34–0.0%Cashquarterly2009-10-282009-11-062009-12-10
2009-08-05$0.34–0.0%Cashquarterly2009-07-292009-08-072009-09-10
2009-04-29$0.34–0.0%Cashquarterly2009-04-222009-05-012009-06-10
2009-02-04$0.34–+6.3%Cashquarterly2009-01-282009-02-062009-03-10
2008-11-05$0.32–0.0%Cashquarterly2008-10-222008-11-072008-12-10
2008-07-30$0.32–+10.3%Cashquarterly2008-07-232008-08-012008-09-10
2008-04-30$0.29–0.0%Cashquarterly2008-04-222008-05-022008-06-10
2008-01-30$0.29–+11.5%Cashquarterly2008-01-222008-02-012008-03-10
2007-10-31$0.26–0.0%Cashquarterly2007-10-232007-11-022007-12-10
2007-08-01$0.26–+18.2%Cashquarterly2007-07-242007-08-032007-09-10
2007-05-02$0.22–0.0%Cashquarterly2007-04-242007-05-042007-06-11
2007-01-31$0.22–+22.2%Cashquarterly2007-01-232007-02-022007-03-10
2006-11-01$0.18–0.0%Cashquarterly2006-10-232006-11-032006-12-11
2006-08-02$0.18–+12.5%Cashquarterly2006-07-252006-08-042006-09-11
2006-05-03$0.16–0.0%Cashquarterly2006-04-252006-05-052006-06-10
2006-02-01$0.16–+23.1%Cashquarterly2006-01-242006-02-032006-03-10
2005-11-02$0.13–0.0%Cashquarterly2005-10-192005-11-042005-12-10
2005-08-03$0.13–+18.2%Cashquarterly2005-07-262005-08-052005-09-10
2005-05-04$0.11–0.0%Cashquarterly2005-04-252005-05-062005-06-10
2005-02-02$0.11–+10.0%Cashquarterly2004-12-242005-02-042005-03-10
2004-11-03$0.1–0.0%Cashquarterly2004-10-252004-11-052004-12-10
2004-08-04$0.1–+25.0%Cashquarterly2004-07-272004-08-062004-09-10
2004-05-05$0.08–0.0%Cashquarterly2004-04-262004-05-072004-06-10
2004-02-04$0.08–0.0%Cashquarterly2003-12-262004-02-062004-03-10
2003-11-05$0.08–0.0%Cashquarterly2003-10-212003-11-072003-12-10
2003-07-30$0.08–+14.3%Cashquarterly2003-07-222003-08-012003-09-10
2003-04-30$0.07–0.0%Cashquarterly2003-04-212003-05-022003-06-10
2003-02-05$0.07–0.0%Cashquarterly2003-01-282003-02-072003-03-10
2002-10-30$0.07–0.0%Cashquarterly2002-10-222002-11-012002-12-10
2002-07-31$0.07–+16.7%Cashquarterly2002-07-232002-08-022002-09-10
2002-05-01$0.06–0.0%Cashquarterly2002-04-232002-05-032002-06-10
2002-01-30$0.06–0.0%Cashquarterly2001-12-212002-02-012002-03-11
2001-10-31$0.06–0.0%Cashquarterly2001-10-162001-11-022001-12-10
2001-08-01$0.06–0.0%Cashquarterly2001-07-242001-08-032001-09-10
2001-05-02$0.06–0.0%Cashquarterly2001-04-232001-05-042001-06-11
2001-01-31$0.06–-70.0%Cashquarterly2001-01-232001-02-022001-03-10
2000-11-01$0.2–0.0%Cashquarterly2000-10-232000-11-032000-12-11
2000-08-02$0.2–0.0%Cashquarterly2000-07-252000-08-042000-09-11
2000-05-03$0.2–0.0%Cashquarterly2000-04-252000-05-052000-06-10
2000-02-02$0.2–0.0%Cashquarterly2000-01-252000-02-042000-03-10
1999-11-03$0.2–0.0%Cashquarterly1999-10-201999-11-051999-12-10
1999-08-04$0.2–0.0%Cashquarterly1999-07-271999-08-061999-09-10
1999-05-05$0.2–0.0%Cashquarterly1999-03-261999-05-071999-06-10
1999-02-03$0.2–0.0%Cashquarterly1999-01-261999-02-051999-03-10
1998-11-04$0.2–0.0%Cashquarterly1998-10-161998-11-061998-12-10
1998-08-05$0.2–0.0%Cashquarterly1998-07-281998-08-071998-09-10
1998-04-29$0.2–0.0%Cashquarterly1998-04-171998-05-011998-06-10
1998-02-04$0.2–0.0%Cashquarterly1998-01-271998-02-061998-03-10
1997-11-05$0.2–0.0%Cashquarterly1997-10-131997-11-071997-12-10
1997-07-30$0.2$0.60.0%Cashquarterly1997-07-221997-08-011997-09-10
1997-04-30$0.2$0.60.0%Cashquarterly1997-04-221997-05-021997-06-10
1997-02-05$0.2$0.6+7.1%Cashquarterly1997-01-281997-02-071997-03-10
1996-10-30$0.1867$0.56010.0%Cashquarterly1996-10-221996-11-011996-12-10
1996-07-31$0.1867$0.56010.0%Cashquarterly1996-07-231996-08-021996-09-10
1996-05-01$0.1867$0.5601+7.7%Cashquarterly1996-04-191996-05-031996-06-10
1996-01-31$0.1733$0.51990.0%Cashquarterly1996-01-231996-02-021996-03-11
1995-11-01$0.1733$0.51990.0%Cashquarterly1995-10-241995-11-031995-12-11
1995-08-02$0.1733$0.51990.0%Cashquarterly1995-07-251995-08-041995-09-11
1995-05-01$0.1733$0.51990.0%Cashquarterly1995-04-251995-05-051995-06-10
1995-01-30$0.1733$0.5199+8.3%Cashquarterly1995-01-241995-02-031995-03-10
1994-10-31$0.16$0.48+0.1%Cashquarterly1994-10-241994-11-041994-12-10
1994-08-01$0.1598$0.47940.0%Cashquarterly1994-07-061994-08-051994-09-10
1994-05-02$0.1598$0.47940.0%Cashquarterly1994-04-261994-05-061994-06-10
1994-01-31$0.1598$0.47940.0%Cashquarterly1994-01-251994-02-041994-03-10
1993-11-01$0.1598$0.47940.0%Cashquarterly1993-10-211993-11-051993-12-10
1993-08-02$0.1598$0.4794+6.6%Cashquarterly1993-07-271993-08-061993-09-10
1993-05-03$0.1499$0.44970.0%Cashquarterly1993-04-261993-05-071993-06-10
1993-02-01$0.1499$0.44970.0%Cashquarterly1993-01-261993-02-051993-03-10
1992-11-02$0.1499$0.44970.0%Cashquarterly1992-10-161992-11-061992-12-10
1992-08-03$0.1499$0.44970.0%Cashquarterly1992-07-281992-08-071992-09-10
1992-05-04$0.1499$0.44970.0%Cashquarterly1992-04-271992-05-081992-06-10
1992-02-03$0.1499$0.4497+12.5%Cashquarterly1992-01-281992-02-071992-03-10
1991-10-28$0.1332$0.39960.0%Cashquarterly1991-10-221991-11-011991-12-10
1991-07-29$0.1332$0.39960.0%Cashquarterly1991-07-231991-08-021991-09-10
1991-04-29$0.1332$0.39960.0%Cashquarterly1991-04-231991-05-031991-06-10
1991-01-28$0.1332$0.39960.0%Cashquarterly1991-01-221991-02-011991-03-11
1990-10-29$0.1332$0.39960.0%Cashquarterly1990-10-231990-11-021990-12-10
1990-07-30$0.1332$0.3996+11.1%Cashquarterly1990-07-241990-08-031990-09-10
1990-04-30$0.1199$0.35970.0%Cashquarterly1990-04-241990-05-041990-06-11
1990-01-29$0.1199$0.35970.0%Cashquarterly1990-01-231990-02-021990-03-10
1989-10-30$0.1199$0.35970.0%Cashquarterly1989-10-241989-11-031989-12-11
1989-07-31$0.1199$0.3597+9.1%Cashquarterly1989-07-251989-08-041989-09-11
1989-05-01$0.1099$0.32970.0%Cashquarterly1989-04-251989-05-051989-06-10
1989-01-30$0.1099$0.32970.0%Cashquarterly1989-01-241989-02-031989-03-10
1988-10-31$0.1099$0.32970.0%Cashquarterly1988-10-251988-11-041988-12-10
1988-08-01$0.1099$0.3297+10.0%Cashquarterly1988-07-261988-08-051988-09-10
1988-05-02$0.0999$0.29970.0%Cashquarterly1988-04-261988-05-061988-06-10
1988-02-01$0.0999$0.29970.0%Cashquarterly1988-01-261988-02-051988-03-10
1987-11-02$0.0999$0.29970.0%Cashquarterly1987-10-271987-11-061987-12-10
1987-08-03$0.0999$0.29970.0%Cashquarterly1987-07-281987-08-071987-09-10
1987-05-04$0.0999$0.2997-0.1%Cashquarterly1987-04-281987-05-081987-06-10
1987-02-02$0.1$0.9+5.9%Cashquarterly1986-12-241987-01-29-
1986-11-03$0.0944$0.84950.0%Cashquarterly1986-09-241986-10-30-
1986-07-28$0.0944$0.84950.0%Cashquarterly1986-06-181986-07-24-
1986-04-28$0.0944$0.84950.0%Cashquarterly1986-03-191986-04-24-
1986-02-03$0.0944$0.8495–Cashquarterly1985-12-251986-01-30-

Splits (2)

DateRatioCumulative
1987-04-073:1×9 to today
1997-10-103:1×3 to today