CSX Named Top Dividend Stock

CSX Corp. (CSX) has been named as the ”Top Dividend Stock of the Dow Transports”, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that among the components of the Dow Jones Transportation Average, CSX stock displayed both attractive valuation metrics and strong profitability metrics.

For example, the recent CSX share price of $28.29 represents a price-to-book ratio of 2.7 and an annual dividend yield of 2.3% — by comparison, the average dividend-paying stock in the Dow Transports yields 1.6% and trades at a price-to-book ratio of 4.3. The report also cited the strong quarterly dividend history at CSX Corp., and favorable long-term multiyear growth rates in key fundamental data points.

Source: InvestorPlace

Related Articles:
- Why We Are Dividend Growth Investors
- 6 Dividend Growth Stocks With Very Little Debt
- What Determines A Dividend Stock's Yield
- Warren Buffett's Secret To 50% Returns
- 9 High-Yield Energy Stocks Growing Their Dividends