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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): CSX Corporation (CSX) pays a $0.55 annual dividend ($0.14 quarterly), yielding 1.17% at $47.10/share. Next ex-dividend date 2026-08-31. 23 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.17%
Annual Dividend: $0.55 per share
Payout Ratio: 31.2%
Ex-Dividend Date: 2026-08-31
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 46
CSX Corporation dividend investors get exposure to one of the largest rail freight networks in the eastern United States, spanning roughly 19,500 route miles across 23 states. The current yield is 1.17%, with a trailing annual dividend rate of $0.55 per share paid quarterly. The next ex-dividend date is August 31, 2026. With a beta of 1.207, CSX stock carries slightly more price volatility than the broader market, making it a better fit for growth-oriented income investors than those seeking a low-volatility income stream.
CSX Corporation pays out 31.2% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves meaningful room to sustain and grow the dividend even if freight volumes soften across its coal, chemicals, or intermodal segments. CSX Corporation dividend safety is further supported by the breadth of its cargo mix, which spans agricultural products, automotive components, industrial chemicals, and energy commodities, reducing dependence on any single revenue stream. The most data-supported pressure point is the beta of 1.207, which reflects that CSX stock moves with economic cycles, and freight demand can contract during downturns.
CSX Corporation dividend history shows a CAGR of 9.3% per year from 2011 to 2025. The per-share dividend grew from $0.1489 to $0.5200 over that window (2026 is a partial year and excluded from the growth calculation). The smallest annual increase in the window was 2.9% in 2016, which sets a floor for what slower growth looks like even in weaker periods.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.1% | $0.40 (2022) | $0.52 (2025) |
| 5-Year | +8.4% | $0.35 (2020) | $0.52 (2025) |
| 10-Year | +8.3% | $0.23 (2015) | $0.52 (2025) |
CSX fits growth-and-income investors who prioritize dividend growth over current yield, not those seeking immediate income. The yield is low (below 2%) at 1.17%, though that is above the 5-year average of 0.94%, meaning the current entry point offers slightly more income than the historical norm. Twenty-three consecutive years of dividend increases and a 9.3% annual growth rate are the real draw here. The trade-off is straightforward: an investor gets a fast-growing dividend backed by a conservative 31.2% payout ratio, but accepts a yield that will not move the needle on near-term income needs.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-31 | $0.1400 |
| 2026-05-29 | $0.1400 |
| 2026-02-27 | $0.1400 |
| 2025-11-28 | $0.1300 |
| 2025-08-29 | $0.1300 |
| 2025-05-30 | $0.1300 |
| 2025-02-28 | $0.1300 |
| 2024-11-29 | $0.1200 |
| 2024-08-30 | $0.1200 |
| 2024-05-31 | $0.1200 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4200 |
| 2025 | $0.5200 |
| 2024 | $0.4800 |
| 2023 | $0.4400 |
| 2022 | $0.4000 |
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