In a shareholder-friendly move, CSX Corporation (CSX) has announced a hike in its dividend payout. CSX’s board of directors has approved a dividend hike of 9.1%, thereby raising its quarterly cash dividend from 11 cents per share to 12 cents. The raised dividend will be paid out on Mar 15, 2024, to all its shareholders of record as of Feb 29. The move reflects CSX’s intention to utilize free cash to enhance its shareholders’ returns. CSX has been consistently making efforts to reward its shareholders throug ...