CSX Corporation (CSX) announced that the board has approved a 3-for-1 stock split in the form of a stock dividend. The company provides rail-based freight transportation services. Per the announcement, each shareholder of CSX as of June 18, will receive a stock dividend of 2 additional common shares for every share held. Trading on a split-adjusted basis will begin on June 28. The move will make the company’s shares accessible to a larger number of employees and investors. Notably, the stock split will not have any impact on the quarterly cash dividend of $0.28 per share payable on June 15.
https://www.tipranks.com/news/csx-announces-3-for-1-stock-split-street-says-buy
CSX (NASDAQ:CSX)
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