CSX Jumps On Split, Buyback, Dividend Increase (CSX)

Talk about being shareholder friendly. Shares of CSX Corp CSX nearly jumped back into positive territory after the company announced it would be splitting shares three for one, announced a $2 billion buyback, and significantly raised its dividend, raising the dividend 38% to 36 cents per share on a quarterly basis. CSX Corporation, together with its subsidiaries, provides rail-based transportation services in North America. The company offers traditional rail service, and the transport of intermodal containers and trailers. At last check, shares of CSX are down 15 cents to $77.77, after having been much lower in the session.